127 North Broad Street Trenton, NJ 08608

$462,500
0.06
Acres
$462,500
Favorite

active
1/25
Street View

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.

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.

  • Neighborhood
  • Type
  • County
    Mercer
  • Area
    Trenton City
  • Tax Amount
    $9,687
  • Status
    Active
  • Listing #
    NJME2059212
  • Built
    1950
  • Lot Size
    0.06
  • Listed on site
    55 days
  • Listing Agent Id
    121193909624

Listed by:
RE/MAX Preferred - Cherry Hill

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Wood Floors
Favorite

Tour This Home

Tue
01Jul
Wed
02Jul
Thu
03Jul
Fri
04Jul
Sat
05Jul
Sun
06Jul
Mon
07Jul
Tue
08Jul
Wed
09Jul
Thu
10Jul
Fri
11Jul
Sat
12Jul
Sun
13Jul
Mon
14Jul
in Person
via Video Call