About 724 Division St
Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses — ideal for investors seeking reliable cash flow and long-term asset appreciation. Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with an 8.66% cap rate! !!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Features of 724 Division St
| MLS® # | NJME2069076 |
|---|---|
| Price | $950,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,905 |
| Acres | 0.00 |
| Year Built | 1897 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 724 Division St |
|---|---|
| Area | Trenton City (21111) |
| City | TRENTON |
| County | MERCER-NJ |
| State | NJ |
| Municipality | TRENTON CITY |
| Zip Code | 08611 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Radiator |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Frame |
|---|---|
| Foundation | Other |
School Information
| District | TRENTON PUBLIC SCHOOLS |
|---|
Additional Information
| Zoning | RESIDENTIAL |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Alliance-Moorestown |
|---|---|
| Contact Info | 8562354664 |