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    228 Emanuel Street

    TRENTON, NJ 08610
    • $240,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: NJME2003934
    UPDATED: 83 min ago
    $240,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,848
      SQFT
    • $130
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:

    School Ratings & Info

    School District:

    Description

    This is one of two, nearly identical duplexes for sale across the street from each other in Hamilton Township. The other is 229 Emanuel St. They are available individually or as a package for real estate investors or live-in landlords. We will provide serious buyers detailed descriptions of each property and a financial analysis. 228 Emanuel St has two, one-bed apartments with single baths and detached garage for extra income opportunity. It has separate gas boilers and water heaters and separate electric meters. Tenants pay gas and electric. The upstairs apartment includes a finished attic. The downstairs apartment has a full basement. Both apartments have double-pane windows. It is a turnkey property that promises nearly maintenance-free operation and good income, high appreciation and, of course, depreciation benefits. Emanuel Street is very short and is really its own neighborhood. Properties are well-maintained and a number of owners have updated theirs.The apartments are both rehabbed and in excellent condition. The basement is partially finished for extra living area. The renovated kitchens feature granite countertops and the bathrooms include ceramic tile. The upstairs apartment has new carpet and laminate flooring and was painted a little more than a year ago. The downstairs apartment has refinished wood floors and has been freshly painted. The duplex is fully tenanted. Monthly rents are $1194 and $1350 for 228 Emanuel for a yearly total of $30,528. All rents are paid automatically through an online app. Monthly maintenance is low since the apartments have been well maintained. Tenants are on yearly leases. An independent appraisal of 228 Emanuel projected a nine-percent increase in value during 2021 across the entire neighborhood due to two factors: 1. Low inventory and a marketing time of less than 60 days. The appraisal report specifically said: +G+THE MEDIAN PRICE OVER THE PAST 90 DAYS ($196,000) HAS INCREASED FROM THE SAME PERIOD OF 2019 ($180,000), SHOWING A 9% INCREASE.+G- It also reported that: +G+CURRENT MARKET CONDITIONS APPEAR TO BE STRONG; THUS, MARKETING TIME IS ESTIMATED TO BE UNDER 60 DAYS.+G-

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T10:56:33.7.
    www.mynjhomesearch.net/homes/120646706
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    228 Emanuel Street TRENTON, NJ 08610

    • Price: $240,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: NJME2003934
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,848
    SQFT
    $130
    $/SQFT
    1935
    Built
    Neighborhood:
    None Available
    County:
    Mercer
    Area:
    Hamilton Twp (21103)
    School District:
    Hamilton Township
    Property Description
    This is one of two, nearly identical duplexes for sale across the street from each other in Hamilton Township. The other is 229 Emanuel St. They are available individually or as a package for real estate investors or live-in landlords. We will provide serious buyers detailed descriptions of each property and a financial analysis. 228 Emanuel St has two, one-bed apartments with single baths and detached garage for extra income opportunity. It has separate gas boilers and water heaters and separate electric meters. Tenants pay gas and electric. The upstairs apartment includes a finished attic. The downstairs apartment has a full basement. Both apartments have double-pane windows. It is a turnkey property that promises nearly maintenance-free operation and good income, high appreciation and, of course, depreciation benefits. Emanuel Street is very short and is really its own neighborhood. Properties are well-maintained and a number of owners have updated theirs.The apartments are both rehabbed and in excellent condition. The basement is partially finished for extra living area. The renovated kitchens feature granite countertops and the bathrooms include ceramic tile. The upstairs apartment has new carpet and laminate flooring and was painted a little more than a year ago. The downstairs apartment has refinished wood floors and has been freshly painted. The duplex is fully tenanted. Monthly rents are $1194 and $1350 for 228 Emanuel for a yearly total of $30,528. All rents are paid automatically through an online app. Monthly maintenance is low since the apartments have been well maintained. Tenants are on yearly leases. An independent appraisal of 228 Emanuel projected a nine-percent increase in value during 2021 across the entire neighborhood due to two factors: 1. Low inventory and a marketing time of less than 60 days. The appraisal report specifically said: +G+THE MEDIAN PRICE OVER THE PAST 90 DAYS ($196,000) HAS INCREASED FROM THE SAME PERIOD OF 2019 ($180,000), SHOWING A 9% INCREASE.+G- It also reported that: +G+CURRENT MARKET CONDITIONS APPEAR TO BE STRONG; THUS, MARKETING TIME IS ESTIMATED TO BE UNDER 60 DAYS.+G-
    Exterior Features

    Architectural Style Other Construction Materials Frame Door Features Six PanelStorm Exterior Features Gutter System Garage Spaces 1.00 Garage Type Garage - Front Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Features Concrete Driveway Parking Types DrivewayDetached Garage Pool No Pool Property Condition Excellent Riparian Rights YN No Roof Asbestos Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1623 Appliances DryerRefrigeratorWater HeaterWasherStove Basement YN No Below Grade Finished Area 225 Below Grade Unfinished Area 0 Cooling Wall Unit Exclusions Tenants' BelongingsContents Of Garage Fireplace YN No Fireplaces Total 0 Flooring HardwoodLaminated Heating Baseboard - Hot Water Heating YN Yes Inclusions WasherDryerRefrigerator (2) Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None Walls Ceilings Dry WallPlaster Walls

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Central Air YN No Cooling Fuel None Cross Street Cedar Lane Electric 100 Amp Service Existing Lease Type Yearly Heating Fuel Natural Gas Hot Water Natural Gas Municipality Hamilton Twp Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 1 Number Of Units Vacant 0 Original MLSNumber 800971004650 Owner Pays InsuranceLawn/Shrub CareRepairsSewerTaxes - Real EstateWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 5917.00 Tax Assessment Amount 163300.00 Tax Lot 00041 Total Actual Rent 30528.00 Utilities Cable Tv Vacation Rental YN No Water Source Public Window Features Double PaneDouble Hung Year Built Effective 2020 Zoning Resid

    Listing courtesy of Exp Realty, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T10:56:33.7.
     
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