Under contract

424 TRENTON Rd, Browns Mills, NJ 08015

Sqft
6,000
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Real Estate-Langhorne
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Overview

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 7.38% 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. Details available under the Commercial Listing can be seen at NJBL2084780



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.

Location

Full feature list

Basic info

Property type
Other residential
Square feet
6,000
Lot size (acres)
4.33
Year built
1966

Interior features

Basement
Yes
Fireplaces
2

Exterior features

Pool
Yes

Utilities

Heating
Electric, Natural Gas
Cooling
Window Units, Central Air
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2024)
$14,782

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: NJBL2096332 Last checked:

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