Photo of 865 Melrose Avenue, Trenton NJ
     
865 Melrose Avenue
Trenton, NJ 08629
Trenton City
Trenton Public Schools
Mercer County
Asking Price$299,900
Bedrooms3
Full Baths0
Acres0.0872
Age117
HeatingBaseboard
GasNatural Gas
CoolingWindow Unit
WaterPublic
SewerPublic
BasementFull
Taxes (2021)$5,286
Garages2
ParkingDetached

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!

Room Sizes

Location


Details
Design Type - Multi Family
Parking - Garage, Detached
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)
Roofing - Asphalt, Flat
Lot Features - Corner Lot
Exterior Features - Patio, Patio
Cooling - A/C Window Unit(s)
Heating - Baseboard
Sewer - Public Sewer
Water - Public
Additional Utilities - Underground Utilities, Electricity Connected, Natural Gas Connected

Notes
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Assessment : 0
Latitude : 40.216474
Longitude : -74.736458
EveryHome Number : 407718-12024
Listing Courtesy EXP REALTY, LLC
Zoning Designation