Property
Trenton, NJ 08609 1237 E State Street
$375,000
Pending
19 more
Presented By: BHHS Fox & Roach - Princeton
Beds • 3
Home Details
INVESTORS: This four-unit, mixed residential / commercial building has a cap-rate of 8.46%, bringing in a gross rent of $3,850 a month. The downstairs is a large commercial space, currently being used as a church ($1200 a month). Upstairs are three apartments, currently one rented as section 8 bringing in $900 for apt #2 (they have applied to bring rent up to $950), apt #1 for $950 and $800 for apt #3.
Presented By: BHHS Fox & Roach - Princeton
Interior Features for 1237 E State Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NNo
Heating FuelNone
Heating Y/NYes
Hot WaterNatural Gas
Street SuffixSTREET
General for 1237 E State Street
Acceptable FinancingConventional
AccessibilityOther
Architectural StyleColonial
Buyer Agent Compensation2
Buyer Agent Compensation Type% Of Gross
Cap Rate8.46
CityTRENTON
Construction MaterialsBrick
Cool FuelNone
CoolingWall Unit
CountyMERCER
Days on Market45
DirectionsUse GPS.
Garage Y/NNo
Gross Income46200.00
HeatingRadiator
Lease TypeYearly
Location TypeCorner Lot/Unit
Lot Size Square Feet2038.00
MLS AreaTrenton City (21111)
ModificationTimestamp2024-04-17T13:38:29
MunicipalityTRENTON CITY
Net Operating Income14458.00
New ConstructionNo
Number of Units Leased4
One Bedroom Units Count3
Other StructuresAbove Grade
OwnerPaysAdvertising/Licenses and Permits, Management, Sewer, Taxes - Real Estate, Repairs
Percent OwnershipFee Simple
Pool Y/NNo Pool
PossessionImmediate
Price Per Sq Ft184.0
Property SubTypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Street NameSTATE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount7750.0
Tax Assessed Value142000.0
Tax Lot00004
Tax Year2022
Total Actual Rent46200.00
Total SQFT2038
Total Units4
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1950
Year Built SourceEstimated
ZoningINSTI
Exterior for 1237 E State Street
Foundation DetailsConcrete Perimeter
Land Assessed Value32100.00
Land Use Code
Lot Size Acres0.05
Lot Size SourceEstimated
Lot Size UnitsSquare Feet
Navigable Water Y/NNo
Parking FeaturesPublic
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Fabiane Farias
Associate