Address
220 E Hanover Street, Trenton, NJ
Price
$ 465,000
Property Attributes
- MLS#NJME2041764
- TypeCommercial
- CountyMERCER
- CityTrenton
- AreaTrenton City
- Zip08608
- StyleApartment Building
- Year Built1950
- Taxes$ 13321
- Price$ 465,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4151
- Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description
Five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a 2 bedroom residence only needs an egress window or use as a bustling commercial space, as zoning allows. This convenient location means tenants are just a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates. The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? That's up to you - maximize it as a 2 bedroom apartment or keep as a commercial unit. This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!
| Price History | |
|---|---|
| 4/11/2024 | Listed $465,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Window Unit(s) |
| Possession | Immediate |
| Zoning | HIST |
| Construction Materials | Frame,Brick |
| Exclusions | Tenants belongings |
| Year Built | 1950 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | MERCER |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Head East on E Hanover toward N Montgomery St the destination will be on the left |
| ModificationTimestamp | 2024-04-17T13:39:54 |
| City | TRENTON |
| Buyer Agent Compensation | 3 |
| Total Units | 5 |
| MLS Area | Trenton City (21111) |
| Lot Size Square Feet | 2500.00 |
| Tax Assessed Value | 239300.0 |
| Waterfront Y/N | No |
| Street Name | HANOVER |
| Tax Annual Amount | 13321.0 |
| Price Per Sq Ft | 112.02 |
| Vacation Rental Y/N | No |
| Days on Market | 20 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00014 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Multi-tank |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Building Area Total | 4151.00 |
| Lot Dimensions | 25.00 x 100.00 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 120000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08608
Price
Taxes
Visits
Year Built
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