220 Hanover StTrenton, NJ 08608

This exceptional mixed-use property at 220 E Hanover Street, Trenton, NJ, presents a compelling investment opportunity. The 4,151 square foot building sits on a 0.06-acre lot in a prime downtown location, just one block from the New Jersey State Capitol Building. Currently, four of the five units are occupied, offering immediate cash flow. The property features a diverse unit mix: one studio, three one-bedroom units, and one two-bedroom unit. A sizable basement unit provides additional storage space, with potential for rental income or owner use. All leases have expired, providing the new owner with the flexibility to increase rental rates to reflect current market values. The convenient location offers tenants easy access to public transportation, being a short walk from the train station. The building's versatility allows for various uses and potential renovations. The seller covers water and sewage costs, while tenants are responsible for electricity and heating. This turnkey investment is priced at $450,000 and is ready for immediate occupancy and potential upgrades. Don't miss this chance to acquire a valuable asset in a thriving downtown area.