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1900 Princeton Avenue

TRENTON, NJ 08648
  • $1,300,000
  • STATUS: Active Under Contract
  • ON SITE: 50 Days
  • ID#: NJME2000327
Under Contract
UPDATED: 178 min ago
$1,300,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,400
    SQFT
  • $155
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Information

Elementary School:
Middle School:
High School:

Description

This 8,400 square foot building is a mixed-use property consisting of 5 superior Apartment rental units, a fully equipped Barber Shop, a Cosmetic and Nail Salon, Beauty Salon, a 2 car Garage (12'x30') or could function as a large storage unit and a vacant front street facing Retail or food store. It is situated at the confluence of Rt 206, Princeton Pike and Rt 1, all coming south from nearby Princeton and an area that has many attractions, including Rider Univ, College of NJ and Princeton Univ, as well as theaters and major business centers, plus rail and road connections to Philly and NYC.Currently, the Barber Shop is vacant and the front of the building is available for a retail or food business easily seen and accessible from the busy road with ample parking for fast pick-ups. Overall 28 parking spaces around this building! A conservative estimate of using current market rentals for like properties suggest a gross income range of $146,000 - $153,000 is very achievable . Currently, rentals are month to month! As a plus, Lawrence Township Certificate of Inspection was approved for the 5 Apartment units on 7/7/21, as well as NJ Certificate of Inspection was approved for multiple dwelling usage.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Revol Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T23:51:16.467.
www.revolhomes.com/homes/122356130
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1900 Princeton Avenue TRENTON, NJ 08648

  • Price: $1,300,000
  • Status: Active Under Contract
  • On Site: 50 Days
  • Updated: 178 min ago
  • ID#: NJME2000327
0
Beds
0
Baths
0
½ Baths
0.56
Acres
8,400
SQFT
$155
$/SQFT
1952
Built
Neighborhood:
Lawrence Twp (21107)
County:
Mercer
Area:
Lawrence Twp (21107)
Elementary School:
Slackwood
Middle School:
Lawrence
High School:
Lawrence H.S.
School District:
Lawrence Township Public Schools
Property Description
This 8,400 square foot building is a mixed-use property consisting of 5 superior Apartment rental units, a fully equipped Barber Shop, a Cosmetic and Nail Salon, Beauty Salon, a 2 car Garage (12'x30') or could function as a large storage unit and a vacant front street facing Retail or food store. It is situated at the confluence of Rt 206, Princeton Pike and Rt 1, all coming south from nearby Princeton and an area that has many attractions, including Rider Univ, College of NJ and Princeton Univ, as well as theaters and major business centers, plus rail and road connections to Philly and NYC.Currently, the Barber Shop is vacant and the front of the building is available for a retail or food business easily seen and accessible from the busy road with ample parking for fast pick-ups. Overall 28 parking spaces around this building! A conservative estimate of using current market rentals for like properties suggest a gross income range of $146,000 - $153,000 is very achievable . Currently, rentals are month to month! As a plus, Lawrence Township Certificate of Inspection was approved for the 5 Apartment units on 7/7/21, as well as NJ Certificate of Inspection was approved for multiple dwelling usage.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Location Type Other Lot Features IrregularLandscapingOtherRoad FrontageLevel Other Structures Above Grade Parking Features Paved ParkingPrivate Parking Types Parking Lot Pool No Pool Property Condition Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Soil Types Unknown View Garden/LawnStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 8400 Cooling Central A/CCeiling Fan(S)Window Unit(S) Exclusions Renters Personal Belongings Heating Baseboard - Hot Water Heating YN Yes Inclusions Everything Except Renters Personal Belongings Security Features Smoke DetectorSurveillance Sys Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 1

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Central Air YN Yes Cooling Fuel Electric Cross Street Rt. 206 Elevators 0 Existing Lease Type Month To Month Foundation Details Concrete Perimeter Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Internet Services Cable Municipality Lawrence Twp Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 4 Number Of Units Vacant 3 Operating Expense Includes Snow RemovalInsurance Original MLSNumber 800774893413 Owner Pays GasHeatInsuranceLawn/Shrub CareMiscellaneous Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 17360.00 Tax Assessment Amount 598200.00 Tax Lot 00029 Transportation Bus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Utilities Natural Gas AvailableElectric AvailableCable Tv Vacation Rental YN No Water Source Public Zoning Hc Zoning Description Hc

Listing courtesy of Weidel Realtors-Princeton.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Revol Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T23:51:16.467.
 
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