$ 1,200,000
-
$1,200,000
Price -
11
Bed -
0
Bath -
6,000
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing KELWLML - 3294151
Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool. The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
Listing Highlights
Status
Active
Days on Site
91
Property Type
Multi-Family
MLS ®
NJBL2096332
Year Built
1966
Total Square Footage
6,000
Lot/Acreage
4.33
Interior Details
- Bedrooms: 11
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Baseboard - Electric,Forced Air
- Fireplaces: 2, Non-Functioning,2 Fireplaces
- Floor: Ceramic Tile,Hardwood,Laminated,Luxury Vinyl Plank
- Above Ground Sq Ft: 6000
- Below Ground Sq Ft: n/a
- Basement: Daylight,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 0.00 x 0.00
- Zoning: RESIDENTIAL
- Roof: Architectural Shingle,Flat
- Others: Good
- Sewer: Private Septic Tank,Septic = # of BR,Septic Exists
- Parking Features: Asphalt Driveway,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,782
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
424 Trenton Rd Browns Mills, NJ 08015
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
