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About This Home
This 0-bedroom, 0-bathroom other at 724 DIVISION Street in Trenton, NJ is listed for $899,999. Built in 1897, on a N/A lot.
**MAKE SURE YOU ARE ON TIME TO ALL SHOWINGS, PROPERTY MANAGER WILL LEAVE AFTER 10 MINUTES OF BEING LATE** Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses - ideal for investors seeking reliable cash flow and long-term asset appreciation.
Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with an 9.1% cap rate!
!!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.8% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Key Features
- Built in 1897
- 4 parking spaces
Property Details
AI Property Insights
Extracted from listing description
Income Potential
Multi-Unit - 6-unit commercial/multifamily property with current total gross monthly income $8,796 (including $750/month parking income), annual net income $82,244 at 9.1% cap rate. Estimated Section 8 rents $10,050/month, annual net income $106,292 at 11.8% cap rate. ($8,796/month gross current; $82,244/year net current; $10,050/month gross Section 8; $106,292/year net Section 8)
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
724 DIVISION Street
Trenton, NJ 08611
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom other at 724 DIVISION Street is listed at $899,999. The estimated monthly payment is $3,900 based on 20% down at 6.5% interest.
Key features include: Built in 1897, 4 parking spaces.
This property is listed by Andrei Essam Mounir Gayed and can be reached at 6093215893 or andreigayed@gmail.com.
