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703 E State St

Trenton NJ 08609

1
2400 sq. ft.
1302 sq. ft.
Duplex
Currently for sale - view listing

Overview

Welcome to this exceptional investment opportunity for savvy real estate buyers! This well-maintained property has undergone thorough repairs and renovations, ensuring it is in top condition for prospective buyers. Comprised of 3 highly sought-after Studio apartments, a spacious one-bedroom unit, and an office space with a separate bathroom, this building is a standout in its class. All residential units are currently rented and have been updated to meet modern standards. For added security, the building features a comprehensive video surveillance system and a reliable fire alarm system to ensure the safety and wellbeing of all tenants. The office space is currently available for lease, offering an additional revenue stream to the property. With positive cash flow, even without the office, this building is a turnkey investment opportunity. All necessary inspections have been passed, and the Certificate of Occupancy was issued within the last year, ensuring this property is fully compliant with all regulations. With a desirable location and an impressive 9% Cap Rate, this property is a smart investment for anyone looking to expand their real estate portfolio. Don't miss out on this rare opportunity to own a prime piece of real estate with great potential for growth and profitability!

Features

1 bedroom
2400 sq. ft. floor area
1302 sq. ft. lot size
Duplex

Property history for 703 E State St

2022
Sold
$255,000
04 Mar 2022 by Roland Pott, of SlateHouse Group Property Management
2017
Sold
$14,500
15 Feb 2017

Happy sellers in Trenton

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Local market activity for 1 bedroom duplexes in Trenton

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