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2695 Main St 4 Unit Apartment Building Offered at $875,000 at a 10% Cap Rate Lawrence, NJ 08648
INVESTMENT HIGHLIGHTS
- located downtown main street near lawrenceville school ,starbucks, shops and restaurants
- low vacancy rate
- private parking lot
EXECUTIVE SUMMARY
Open house Sat Jan 3 11am to 1pm. Rare opportunity in downtown Lawrenceville, NJ to own a historic 4-unit multi-family property in a walkable, highly desirable area. Steps to Starbucks, Lawrenceville Presbyterian Church, The Lawrenceville School, and an array of shops and dining. Property Highlights Four (4) rental units; all utilities separately metered Off-street parking with capacity for multiple tenants Hardwood flooring and exposed beams throughout; multiple fireplaces in select units Fully vacant and readily showable; easy to demonstrate all four units Property being sold strictly “as-is”; buyer to perform due diligence and any required rehab and obtain township CO Investment Details Appraised in 2025 at $1,000,000 in current condition (appraisal available to serious inquiries) Excellent redevelopment potential with significant upside through renovations and savvy management Potential Gross Rental Income $9500 montHly/ 114,000 yearly ESTIMATED REHAB 100K ARV 1.2
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,500 | - |
| 3+1 | 2 | $2,800 | - |
| 1+1 | 4 | $1,650 | - |
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MATTERPORT 3D EXTERIOR
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2695 Main St
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