NJ > Browns Mills
Browns Mills, NJ 08015,424 TRENTON RD
Browns Mills, NJ 08015,424 TRENTON RD
Browns Mills, NJ 08015,424 TRENTON RD
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Listed by Lukasz Boczniewicz • Keller Williams Real Estate-Langhorne
$1,275,000
Est. payment /mo
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6,000 SqFt
Active

424 TRENTON RD Browns Mills, NJ 08015

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $212

MLS Listing ID NJBL2084780

Year Built 1966

Available Date 2025-07-26

Annual Tax Amount $14,782

Tax Year 2024

Lot Size 4.330 Acres

Acres 4.33

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants.

Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house.

With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.

Location

State NJ

County Burlington

Area Pemberton Twp (20329)

Zoning RESIDENTIAL

Interior

Hot Water Natural Gas, Multi-tank, Electric

Heating Baseboard - Electric, Forced Air

Cooling Central A/C, Window Unit(s)

Flooring Laminated, Ceramic Tile, Hardwood

Inclusions All appliances in as-is condition with no monetary value

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 15.0

Utilities Available Natural Gas Available, Electric Available, Cable TV Available, Phone Available, Water Available

Water Access N

View Trees/Woods

Roof Type Architectural Shingle,Flat

Accessibility None

Total Parking Spaces 15

Garage N

Building

Foundation Block

Sewer Private Septic Tank, Septic Exists, Septic = # of BR

Water Public

New Construction N

Schools

School District Pemberton Township Schools

Others

Tax ID 29-00526-00001 01

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Smoke Detector

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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424 TRENTON RD

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