Property
Trenton City, NJ 08609 1163 E State St
$1,440,001
14 more
Presented By: YALE KENT, LLC.
Full/Half Baths • 0 / 13- Garage • 22
Full/Half Baths • 0 / 13
Garage • 22Home Details
An opportunity to invest for all seasons, this mixed use property has anchored commercial tenants (long term, with escalators) and 10 large apartments.
Presented By: YALE KENT, LLC.
Interior Features for 1163 E State St
Bedrooms
Num 4 Bed Units1
Bathrooms
Num Units w/Full Bath10
Num Units w/Half Bath
Half Baths13
Other Interior Features
Price Per Sq Ft221.00
Available Sq Ft0
Num 3 Bdrm Units3
Num 2 Bdrm Units4
Num 1 Bdrm Units2
BasementFinished-Partially, Full
FlooringCarpeting, Laminate, See Remarks
Fuel TypeElectric
Total Stories3
General for 1163 E State St
Cap Rate8.20
ConstructionBrick/Block
CoolingNo Cool
CountyMercer
DirectionsCorner of East State St and South Olden (parking in rear)
Documents AvailableIncome & Expenses, Leases, Pro Forma, Survey
DriveBlacktop, Driveway-Exclusive, Gravel, Parking Lot-Exclusive
EasementNo
Equipment AvailableAppliances, Fire Alarm, Smoke Detector
Farm AssessmentNo
Garage Spaces22
Gross Income250000
HeatingBaseboard - Electric, See Remarks
Leasable Area
LocationBusiness District, Corner, Freestanding
MaintenanceExpense
Net Operating Income115000
Num Apts10
Number Of Units Total12
Operating Expense135000
OwnerPaysNo Utilities, Sewer, Snow Removal, Water
OwnershipFee Simple
Permitted Usesee remarks
Possessionnegotiable
Property TypeApartment Complex, Restaurant/Bar, See Remarks
Property TypeApartment Complex
RoofFlat
ServicesInternet Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision Namecorner of So Olden
Tax Annual Amount30663
Tax Assessed Value520600
Tax Lot1
Tax Year2025
Tenant PaysElectric, Gas, Heat, Hot Water, Water
Town #2011
TownshipTrenton City
UtilitiesElectric, Gas In Street, See Remarks
Utilities Paid ByTenant
Year Built1930
Zoningmixed
Exterior for 1163 E State St
Building Area Total11000
Exterior DescriptionBrick/Block
Lot Dimensions50X125
Lot FeaturesCorner, Irregular Lot, Level Lot
Lot Size Acres0.14
Max Ceiling Height8
Max Door Height0
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking11
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate