Investor Special - Cap Rate is 12.5- This unit must be sold with 1418 W State St.Unit 1: Rent : $1155.00 SD: $1605.00 ( Section 8 ) (Terms Aug 31, 2024 )Unit 2: Rent: $1700.00 SD: $2550.00 ( Section 8 ) (Terms April 2, 2025 )Unit 3: Rent: $1350.00 SD: $2025.00 ( Terms April 14,2025 )UNIT # 2 and Unit #3 were just redone.Landlord Pays:Water and Sewer : Averages $280.00 every 3 monthsPSEG House Meter: Monthly $8.62
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Thomas "Tom" Morris
$300,000
Trenton Area Multi-Family Home
Active
1418 W State Street Trenton, NJ 08618
Bed
0 Baths
2376 sqft
MLS# NJME2041866
Investors Wanted- Cap Rate is 11.6. - This must be sold with 1420 W State St.Unit 1: Rent: $1350.00 SD: $1750.00 ( Lease month to month )Unit 2: Rent: $1036.00 SD: $1500.00 Supportive Housing ( Terms February 28,2025 )Unit 3: Rent: $1200.00 SD: $1800.00 Oaks Care ( Terms December 31, 2024 )Unit # 3 was just freshened up, Unit #2 Freshened a year or so agoLandlord Pays:Water and Sewer: Averages $310.00 every 3 monthsPSEG House Meter : Monthly $4.86
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Thomas "Tom" Morris