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| Description |
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Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
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| Room Sizes |
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| Location |
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| Driving Directions |
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From Center of Browns Mills when at intersection of Trenton Rd and Broadway St, follow Trenton Rd North, property is on right hand side, just past the Self Storage.
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| Details |
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Architectural Type - Traditional, Colonial, Ranch/Rambler
Parking - Asphalt Driveway, Driveway
Flooring - Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank
Basement - Daylight, Full, Block, Crawl Space
Exterior Features - Frame
Cooling - Central A/C, Window Unit(s), Electric
Heating - Baseboard - Electric, Forced Air, Electric, Natural Gas
Hot Water - Electric, Multi-tank, Natural Gas
Sewer - Private Septic Tank, Septic = # of BR, Septic Exists
Water - Public
Additional Utilities - Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available, Electric: 100 Amp Service, 200+ Amp Service
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