738 W STATE STREET Trenton, NJ 08618

$350,000
738 W STATE STREET, Trenton, NJ 08618

Commercial Property for sale in Trenton, NJ

for $350,000. This 4,536 square foot building was built in 1910 on a lot size of 37X178.

Property Information

  • $350,000
  • Commercial
  • 4,536 Square Feet
  • Taxes are $9,989
  • Other / Unknown
  • Active
  • Lot size of 37X178
  • Built in 1910
  • Trenton, NJ
  • Berkeley Square and Parkside Neighborhood
  • Mercer County
  • MLS/Web ID is 1000381262

Description

This is a rare opportunity. A MONEY MAKER!!! This property is a fully occupied 13 unit rooming house with a rented garage! 3 totally renovated bathrooms. This property does not have a kitchen. Property has been maintained and kept in good condition. Average room rents for $575 per month. The annual expenses are: Water & Sewer $1200, PSE&G $8, 000, Insurance $6, 000, Annual maintenance $1, 500 per year. Annual inspections, registration, and other fees are approximately $1, 000. New boiler October 2017. January 2018 Updated 200V electrical. February 2018 new fire panel. Windows 5 years old. Updated flooring in all rooms except #10. 2 washers & dryers (coin operated). Owner will stay on as property manager for 1 year to help new owner acclimate (% or monthly). Owner currently rents garage $300 per month which they would like to keep. Owner will contribute $10, 000 toward closing costs!

Room Information

  • Master Bedroom

Interior 2

Flooring

  • Carpet(s)
  • Wood Floors

Interior

  • Walls: Plaster

Exterior 3

Exterior

  • Other

Foundation

  • Masonry

Siding

  • Block Exterior

Miscellaneous 2

Location

  • Urban

Other

  • Copper Plumbing

† Excluded Feature

Neighborhood & Schools

School District: TRENTON PUBLIC SCHOOLS

Listed By

Listing Agent: Connie King
Broker: Weichert Realtors
Office: Ocean Township
Phone: (732) 586-6006

738 W STATE STREET, Trenton, NJ, 08618 is a Commercial Property for sale at $350,000 with 4,536 sqft and a lot size of 37X178. 738 W STATE STREET was built in 1910. The property's zip code is 08618 which is in Trenton, NJ

Market Pricing

Average % of sale price Median % of sale price
All listings in Trenton $257,339 26 % below $170,000 51 % below
Commerical listings in Trenton $396,949 13 % above $299,700 14 % below
Sold listings in Trenton $54,719 84 % below $42,800 88 % below

Get the facts about Trenton, NJ!

Population 82,788
Population Growth (since 2000) -3 %
Median Income $37,040
Median Age 34.62
Households w/ Children 33 %

Residential Dwellings

  • Owned 10842
  • Vacant 4316
  • Rented 17040

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