Listing provided courtesy of: RE/MAX Preferred - Cherry Hill.
127 N Broad Street
Trenton, NJ 08608-
Est. Payment/ mo
Turnkey 7-Unit Mixed-Use Investment Opportunity in the Heart of Trenton.
This is a rare opportunity to acquire a fully operational, income-producing seven-unit mixed-use property located on Broad Street in the rapidly revitalizing downtown Trenton corridor. Ideal for investors seeking a stable asset with immediate returns and long-term growth potential, this property offers a blend of residential and commercial income streams in a high-demand rental market.
The building consists of 5 studio apartments and 1 one-bedroom unit, and a spacious ground-floor commercial retail space. Currently, five of the six residential units are occupied on a month-to-month basis, providing consistent cash flow and flexibility for future rental adjustments or upgrades. The retail space is presently vacant, offering an excellent value-add opportunity with an estimated monthly rental potential of $2,000. A new furnace has been recently installed, further enhancing the property's appeal as a turnkey investment. Strategically positioned within the boundaries of the Trenton Downtown Association, the property is eligible for various business incentives and grant programs designed to attract and support new commercial ventures. This location is considered prime, with strong pedestrian traffic and visibility. It is within walking distance to Mercer County College, the Trenton Public Library, the government offices, shopping centers, and multiple public transportation options. The property is being sold in as-is condition. The seller will make no repairs, and the buyer will be responsible for obtaining the Certificate of Occupancy. With solid in-place income, clear value-add potential in the commercial space, and the added advantage of downtown redevelopment incentives, this offering presents an exceptional investment opportunity for those looking to expand their portfolio in an emerging market.
For qualified investors, this property represents both stability and upside in a central, growing location. Owner pays for gas, water and sewer, tenant pays electric.
Listing provided courtesy of: RE/MAX Preferred - Cherry Hill.
PROPERTY DETAILS
- Price $462,500
- Price / Sq Ft $119
- Bldg/Unit Size (Sq Ft) 3,900
- Building Units 7
- Land/Lot Size (Sq Ft) 2,614
- Property Type Commercial Sale
- Floors / Stories 3
- Year Built 1950
- MLS Number NJME2059212
- Days on Market 3
TAXES & HOA
- Annual Taxes (USD) $9,687
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DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: RE/MAX Preferred - Cherry Hill. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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. Information is deemed reliable but not guaranteed. © 2025 by BRIGHT MLS. All rights reserved. Listing last updated on 05/14/2025 18:10:58
