For Sale

Listed by Mikhail Balezine from Gambourg Properties Inc

Source: Bright MLS #NJME2027936

703 E State St, Trenton, NJ, 08609

$365,000

1
2400 sq. ft.
1302 sq. ft.

Duplex

30+ days on the market

What's around 703 E State St

About this property

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!

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