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Photo of 865 Melrose Avenue, Trenton NJ
865 Melrose Avenue
Trenton, NJ 08629
Bedrooms
3
Full Baths
0
Acres
0.0872
Age
117
Heating
Baseboard
Gas
Natural Gas
Cooling
Window Unit
Water
Public
Sewer
Public
Basement
Full
Taxes (2021)
$5,286
Garages
2
Parking
Detached
Additional Details Below

Description

Fantastic Investment Opportunity with a Cap Rate of nearly 8%, poised to potentially increase up to 11%. This well-maintained multifamily duplex is situated in the heart of Trenton on a corner lot, featuring a detached two-door garage. The property comprises two operational units with separate utilities. Each tenant pays $1400 in rent consistently and is committed to staying. The units boast separate entrances, individual gas and electric meters. The property is impeccably presented and ready for immediate acquisition. Don't miss out on this compelling investment prospect.Don't just witness this golden opportunityseize it! Act swiftly and embrace a compelling investment journey that promises not just stability, but the thrill of remarkable returns. Your future portfolio is calling - answer it in style!

Location

Listing Details

Summary
Design Type

Multi Family

Parking

Garage, Detached

Interior Features
Flooring

Unit 1 Carpet, Unit 2 Carpet

Basement

Full, Storage Space, Utility Room, Laundry Facilities

Interior Features

Unit 1 (1 Bedroom,Dining Room,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 2 (Dining Room,2 Bedrooms,Kitchen,1 Bath,Den/Family Room)

Appliances

Water Heater(Gas), Water Heater, Unit 1 (Range/Oven,Refrigerator), Unit 2 (Range/Oven,Refrigerator)

Exterior Features
Roofing

Asphalt, Flat

Lot Features

Corner Lot

Exterior Features

Patio, Patio

Utilities
Cooling

A/C Window Unit(s)

Heating

Baseboard

Sewer

Public Sewer

Water

Public

Additional Utilities

Underground Utilities, Electricity Connected, Natural Gas Connected

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning:
Lattitude : 40.216474
Longitude : -74.736458
MLS# : 2407718R
Views : 31
Listing Courtesy: EXP REALTY, LLC

Notes

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