424 TRENTON RD Browns Mills, NJ 08015
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $200
MLS Listing ID NJBL2096332
Style Traditional,Colonial,Ranch/Rambler
Abv Grd Liv Area 6,000
Year Built 1966
Annual Tax Amount $14,782
Tax Year 2024
Lot Size 4.330 Acres
Acres 4.33
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State NJ
County Burlington
Area Pemberton Twp (20329)
Zoning RESIDENTIAL
Rooms
Basement Daylight, Full
Interior
Hot Water Electric, Multi-tank, Natural Gas
Heating Baseboard - Electric, Forced Air
Cooling Central A/C, Window Unit(s)
Flooring Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank
Fireplaces Number 2
Fireplaces Type Non-Functioning
Inclusions All appliances in as-is condition with no monetary value
Fireplace Y
Heat Source Electric, Natural Gas
Laundry Has Laundry
Exterior
Garage Spaces 15.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available
Water Access N
View Trees/Woods
Roof Type Architectural Shingle,Flat
Accessibility None
Total Parking Spaces 15
Garage N
Building
Foundation Block, Crawl Space
Above Ground Finished SqFt 6000
Sewer Private Septic Tank, Septic = # of BR, Septic Exists
Water Public
Architectural Style Traditional, Colonial, Ranch/Rambler
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
School District Pemberton Township Schools
Others
Tax ID 29-00526-00001 01
Ownership Fee Simple
SqFt Source 6000
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Virtual Tour https://simplebooklet.com/424trentonroadbrownsmills
