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42 Maple Ave 6 Unit Apartment Building $725,000 ($120,833/Unit) 7.40% Cap Rate Trenton, NJ 08618
Executive Summary
Six-unit residential building plus garage. All units were completely renovated 3 years ago and are well maintained. Building features new electric heat throughout, separate electric meters for all apartments, owner-paid hot water and cooking gas, and basement laundry. Unit 2 is being shown to potential tenants. There a pictures of it. The rest of the units are renovated the same way, minus normal wear by tenants. Unit Breakdown & Rents: 1BD – $1,350 (occupied) 1BD / Studio – $1,200 (occupied) 1BD – $1,310 (occupied) 1BD – $1,248 (occupied) 2BD split – $1,350 (occupied) Studio – $1,025 (occupied) Garage – $400 (currently in eviction process; electric on owner meter) Pre-approval or proof of funds required with all offers.
Property Facts
| Price | $725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $120,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.40% | Building Size | 2,500 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1898/2019 |
| Zoning | RB1 - do your own research | ||
| Price | $725,000 |
| Price Per Unit | $120,833 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1898/2019 |
| Zoning | RB1 - do your own research |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| Studios | 2 | - | - |
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Property Taxes
| Parcel Number | 11-32802-0000-00009 | Improvements Assessment | $101,600 |
| Land Assessment | $100,000 | Total Assessment | $201,600 |
Property Taxes
Parcel Number
11-32802-0000-00009
Land Assessment
$100,000
Improvements Assessment
$101,600
Total Assessment
$201,600
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42 Maple Ave
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