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Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,630 sqft
Price per Sqft $133
Subdivision None Available
MLS Listing ID NJME2044144
Sold Date 08/29/24
Style Other
Abv Grd Liv Area 2,630
Originating Board BRIGHT
Year Built 1921
Annual Tax Amount $8,417
Tax Year 2023
Lot Dimensions 38.00 x 0.00
Property Description
Welcome to 703 Rutherford Ave, Trenton, NJ – A Turn-Key Investment Opportunity! This charming multi-family residence is nestled in the heart of Trenton, offering a blend of modern amenities and classic comfort. The property features a 2-bedroom, 1-bath unit, currently rented for $1,400/month.
A spacious 4-bedroom, 2-bath unit, generating $1,700/month in rental income.
A recently confirmed legal third unit studio, adding to its versatility and potential.
Each unit has been recently renovated, with separate meters for ease of management. The property is fully occupied with reliable, paying tenants, providing immediate cash flow. Sold in as-is condition, this investment is truly turn-key.
With the Certificate of Occupancy (CO) secured and the property now confirmed as a legal 3-unit, this is an opportunity you don’t want to miss!
We recommend using Premier Key Abstract for title services, as a comprehensive title commitment has already been completed with them.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Wall Unit
Flooring Hardwood
Equipment Oven/Range - Electric, Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Brick/Mortar, Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-06403-00001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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