1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
1237 E State STREET
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$375,000

1237 E State STREET

3 Beds 2,038 Sq.Ft.

Description

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.

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Location

1237 E State St, Trenton, NJ 08609

Status

Pending

Property Amenities

Interior
Total Bedrooms: 3
Area & Lot
Lot Area 2,038 Sq.Ft.
Living area 2,038 Sq.Ft.
MLS® ID NJME2038328
Year Built 1950
School District TRENTON PUBLIC SCHOOLS
Architecture Styles Colonial
Type Multi-Family
Status Pending
Exterior
Water Source Public
Sewer Public Sewer
Parking On Street
Lot Features Corner Lot
Finance
Sales Price $375,000
Real Estate Tax $7,750 yearly
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1237 E State St, Trenton, NJ 08609. We are reviewing your request and will be in touch shortly!

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Work With Us

As father & son duo, we’ve been living in and working in the Mercer area for a combined 45 years – and we’re passionate about it. Let’s chat about how our expertise can help you.