For Sale
$4,450,000
1520 Pennington RdEwing Township, NJ 08618
- Added:
- Dec 11, 2024
- Days on market:
- 118
Highlights
- Newly constructed/renovated off-campus student housing with 33 bedrooms and 53 beds, currently 100% leased.
- Located near The College of New Jersey (7,400 students) and Rider University (5,150 students).
- Offers a 6.7% cap rate, projected to increase to 8.5% within one year due to below-market rents.
- Excellent access to major roadways including Princeton Avenue (Route 206), Interstates 1 and 295, and the SEPTA West Trenton Train Station.
- Convenient proximity to Olden Avenue, a main commercial corridor in Ewing, with nearby shopping centers, parks, and medical facilities.
Property Details for 1520 Pennington Rd
- Property type
- Dormitories, Student housing
- Year Built/Renovated
- 5/5
- Buildings
- 4
- Stories
- 2
- Units
- 33
Location Insight
- City
- Ewing Township
- County
- Mercer
- State
- New Jersey
- Latitude
- 40.2509107
- Longitude
- -74.7758149
1520 Pennington Rd, Ewing Township, New Jersey
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