523 N Clinton Avenue Trenton, NJ 08638
Welcome to 523 North Clinton Ave, Trenton, NJ! This cozy property, just over 1, 500 sqft, offers a fantastic investment opportunity with instant cash flow. The property features two well-maintained units: the downstairs unit is a charming 1-bedroom, 1-bathroom space currently available for rent at $1, 295 per month, and the upstairs unit is a tenant-occupied 3-bedroom, 1-bathroom home generating $1, 250 per month. While the upstairs rent is well below the market rate of $1, 800 per month due to the reliability of the long-term tenants, the total current annual income stands at $30, 540 with the potential to reach $37, 140 with market adjustments. Whether you’re looking to live in one unit and rent out the other, or fully capitalize on both as rental income, this property provides endless possibilities. Don’t miss out on this opportunity to add a strong asset to your portfolio in a growing area!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyMercer
- Taxes$3,290
- HOA/Condo/Coop Fees$0
- Days on Site27 Days
- MLS StatusActive
- MLS ID NumberNJME2048226
- Home Size Source Assessor
- Year Built1900
- Lot Size0.07 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Traditional
- Construction Brick
- Parking On Street
- Sewer Public Sewer
- Acreage 0.07
- Water Public
- Property Sub Type Duplex
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning RESIDENTIAL
Interior Features
- Cooling Ceiling Fan(s)Natural Gas
- Heating Forced AirNatural Gas
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area Trenton City (21111)