508 West State Street

Trenton, NJ 08618

$309,900
Last Sold Price
Beds
2,477 Sq. Ft.
$125 / Sq. Ft.
2,477
Sq. Ft.
$125
per Sq. Ft.

Description

Attention All Investors! Terrific opportunity to own a well maintained Historic investment property. Live in one and rent out the two other units or use this solely as an income producing property. Great income potential. Seller will provide C/O from the City of Trenton. Historic Trenton 3 Unit Building. Fully occupied. Apt 1 is 2 bedroom/1 bath at $1,100/month, lease expires December 2021, Apt 2 is 3 bedroom/1 bath at $950/month, long time tenant is month to month and Apt 3 is Studio/efficiency...Attention All Investors! Terrific opportunity to own a well maintained Historic investment property. Live in one and rent out the two other units or use this solely as an income producing property. Great income potential. Seller will provide C/O from the City of Trenton. Historic Trenton 3 Unit Building. Fully occupied. Apt 1 is 2 bedroom/1 bath at $1,100/month, lease expires December 2021, Apt 2 is 3 bedroom/1 bath at $950/month, long time tenant is month to month and Apt 3 is Studio/efficiency with 1 bath at $667/month, long time tenant going month to month. Property provides fenced parking area with at least 4 spaces. On street parking available as well.
  1. Listed by Robert M Farmer • Realty Mark Central, LLC
    P: 6094448204 robert@solutionsinrealestate.net

Property Details for 508 West State Street

Tax ID Number
11-02206-00015
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Subdivision
CADWALADER TERRACE
Subdivision
CADWALADER TERRACE (MERCER NJ)

Location

Add your commute
LISTING UPDATED: 08/28/2022 12:51 PM

Property Details for 508 West State Street

StatusClosed
MLS #NJME2004790
Days on Market152
Taxes$5,098 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1887
Lot Size0.08 AC / 3,275 SF
CountyMercer County

Location

Add your commute

Building Information for 508 West State Street

Stories-Residences3Year Built1887Building Size-Lot Size0.08 AC / 3,275 SF

Payment Calculator

$2,116 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,691

Property Taxes

$425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 West State Street

Location
Location
  • Transportation: Airport less than 10 miles, Commuter Rail Station 1 to 5 miles
  • School District Name: TRENTON PUBLIC SCHOOLS
  • School District County ID: 300200396606
  • SchoolDistrictSource: Listing Agent
  • County: MERCER
  • MLS Area: Trenton City (21111)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $91,800
  • Year Assessed: 2021
  • Improvement Assessed Value: $83,200
  • Land Assessed Value: $8,600
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 0
  • Historic: Yes
  • Zoning: HIST
  • Tax Lot: 00015
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Electricity, Insurance, Miscellaneous, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 2
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Trash, Advertising
Financial Information
  • Gross Income: $32,604
  • Net Operating Income: $6,089
  • Annual Rental Income: $32,604
  • Income Includes: Apartment Rentals
  • Cap Rate: 7.35
  • Existing Lease Type: Month to Month, Gross
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 25.00 x 131.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2147972
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, Off Street, Other
  • Driveway - # of Spaces: 4
  • Off Street - # of Spaces: 4
  • Parking Features: Fenced, Gravel Driveway
Interior Features
Interior Features
  • Interior Features: Kitchen - Eat-In, Kitchen - Galley, Soaking Tub, Other
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks, Street Lights, Fire Escape
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water, Radiator
  • Heating Fuel: Natural Gas, Electric
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Internet Services: Cable
Confidential Data
Listing Office
  • List Agent AOR: CORE Association of REALTORS
  • List Agent URL: www.SolutionsInRealEstate.net

Property History for 508 West State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 West State Street

Taxable ValueLand$8,600Additions$83,200Total$91,800
Tax Record2022$5,010 ($418 / month)
Home Facts
Beds0Total Finished SqFt2,477 SqFtAbove Grade Finished SqFt2,477 SqFtStories3Lot Size3,275 SqFtStyleSingle Family ResidenceYear Built1887ZoningHISTCountyMERCERAPN11 02206-0000-00015

Schools near 508 West State Street

This home is within Trenton Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Gregory Elementary School
PublicK to 5

Luis Munoz Rivera Elementary School
Public6 to 8

Trenton Central High School West
Public9 to 12

Trenton Central High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Mark Central, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.