Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants.
Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house.
With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.
Property Features
Utilities
Cable Available
Natural Gas Available
Phone Available
Water Available
Electricity Available
Heating Information
Electric
Natural Gas
Forced Air
Baseboard
Cooling Information
Central Air
Window Unit(s)
Electric
Parking
Garage
Driveway
Water Features
Public
Listing Courtesy: Keller Williams Real Estate-Langhorne - 215-757-6100