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424 TRENTON ROAD, BROWNS MILLS, NJ 08015
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$1,200,000
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Home Details for 424 TRENTON ROAD
Price
$1,200,000
Type
Commercial/Industrial
Year Build
1966
Lot Size
4.33
County
BURLINGTON
Tax
$14,782
MLS®️ Listing#
NJBL2084780
On exitrealty.com
178 days
Property Description
Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool.
The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments.
BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
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- Utilities
- Cable Available
- Natural Gas Available
- Phone Available
- Water Available
- Electricity Available
- Heating Information
- Electric
- Natural Gas
- Forced Air
- Baseboard
- Cooling Information
- Central Air
- Window Unit(s)
- Electric
- Parking
- Garage
- Driveway
- Water Features
- Public
Listing Courtesy: Keller Williams Real Estate-Langhorne - 215-757-6100
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2025-12-12 13:47:13
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EXIT REALTY JP ROTHERMEL
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$1,200,000
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EXIT REALTY JP ROTHERMEL
5 Wilkins Station Rd, Medford, NJ 08055