NJ
BURLINGTON
BROWNS MILLS
08015
424 TRENTON ROAD
424 TRENTON ROAD, BROWNS MILLS, NJ 08015
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Listing Type
Multi Family
Listing Status
Active
109
$1,200,000

Home Details for 424 TRENTON ROAD

Price
$1,200,000
Type
Residential Income
Bedrooms
11
Bathrooms
Square feet
6000
Year built
1966
Lot size acres
4.33
County
BURLINGTON
Garage
Basement
Crawl Space, Daylight, Full
Days on site
145
MLS Listing#
NJBL2096332
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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Property Features
  • 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
  • Basement
    • Crawl Space
    • Daylight
    • Full
  • Parking
    • Asphalt
    • Driveway
  • Water Features
    • Public
Listing Courtesy: Keller Williams Real Estate-Langhorne - 215-757-6100
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Last Updated: 2025-12-12 14:04:46
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EXIT REALTY JERSEY SHORE
2029 Route 37 East, Toms River, NJ 08753
Rosemarie McGeehan
License #: 0679931
Associate Broker
Office
732 573 1550
Agent
732 740 9519
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