738 W STATE ST, Trenton, New Jersey
738 W STATE ST, Trenton, New Jersey 08618 - Rarely do these opportunities come available. This property is fully occupied 13 tenant rooming house and a two car garage (currently used by the owner). It has 3 completely renovated bathrooms and NO kitchen. This property is a cash cow and has produced consistently for the current owner. Property has been maintained and kept up. Rent roll to be provided upon request, average room rents for $525. per month. The annual expense are $18,000. per year. Here are the annual expenses. Water and Sewer bill is $1,200. PSE&G for gas, heat and electric are $9,000. Insurance is $6,800. Annual maintenance is approximately $1,500. Regulatory fees (inspections, registration, etc.)are $1,000. per year. Property is convenient to the bus line. This cash cow is producing over $3,000. net income.
Listing Courtesy of Keller Williams Real Estate-Princeton
“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”