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    916 W State Street

    TRENTON, NJ 08618
    • $399,999
    • STATUS: Active
    • ON SITE: 65 days
    • MLS #: NJME2002314
    UPDATED: 158 min ago
    $399,999
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,466
      SQFT
    • $115
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent collected per month: $4169 (Yearly: $50,028) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. Only showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan.Due to tenants privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Rent Amounts:Apt 1: Subsidized: Lease Amount: $1075 Rent collected: $1040Apt 2: Subsidized Master Lease Amount: $975 Rent Collected: $975Apt 3: Subsidized Lease Amount: $1,328 Rent Collected: $1,328Apt 4: Subsidized Lease Amount: $975 Rent Collected: $8262021: Total current rent collected per month: $4169 ( Yearly: $50,028)Profit and loss:2019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.502020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28All references to the profit or loss and income is an estimate and needs to be verified.

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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: 2021-09-26T16:50:03.513.
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    916 W State Street TRENTON, NJ 08618

    • Price: $399,999
    • Status: Active
    • Updated: 158 min ago
    • MLS #: NJME2002314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,466
    SQFT
    $115
    $/SQFT
    1920
    Built
    Neighborhood:
    Berkeley Square
    County:
    Mercer
    Area:
    Trenton City (21111)
    School District:
    Trenton Public Schools
    Property Description
    Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent collected per month: $4169 (Yearly: $50,028) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. Only showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan.Due to tenants privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Rent Amounts:Apt 1: Subsidized: Lease Amount: $1075 Rent collected: $1040Apt 2: Subsidized Master Lease Amount: $975 Rent Collected: $975Apt 3: Subsidized Lease Amount: $1,328 Rent Collected: $1,328Apt 4: Subsidized Lease Amount: $975 Rent Collected: $8262021: Total current rent collected per month: $4169 ( Yearly: $50,028)Profit and loss:2019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.502020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28All references to the profit or loss and income is an estimate and needs to be verified.
    Exterior Features

    Architectural Style Victorian Construction Materials Brick Exterior Features Fire Escape Garage YN No Lot Features Rear YardFront Yard Other Structures Above GradeBelow Grade Parking Types Driveway Pool No Pool Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3466 Basement Outside EntrancePoured Concrete Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 1

    Property Features

    Acceptable Financing Conventional Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel None Cross Street Parkside Ave Existing Lease Type Month To Month Heating Fuel Natural Gas Historic YN Yes Hot Water Natural Gas Municipality Trenton City Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 1 Number Of Units Vacant 0 Original MLSNumber 800878795666 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 9066.00 Tax Assessment Amount 163800.00 Tax Lot 00005 Transportation Bus Stop Less Than 1 MileCommuter Rail Station Less Than 1 MileMetro/Subway Station 1 To 3 MilesAirport Less Than 10 Miles Vacation Rental YN No Water Source Public Year Built Effective 2012 Zoning Hist

    Listing courtesy of Realtymark Properties.


    ©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: 2021-09-26T16:50:03.513.
     
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