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    554-554 Lamberton Street

    TRENTON, NJ 08611
    • $319,000
    • STATUS: Active
    • ON SITE: 83 days
    • ID#: NJME298386
    UPDATED: 69 min ago
    $319,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    School District:

    Description

    Calling all investors seeking a high income producing property. Check out this massive sized Brick structure located in South Trenton. It features: a three story Brick building with a 3,150 ft yard with a covered patio, and a 704 square ft . 4 car garage that can be used as addition space for the Bar or the residence. This beautiful corner lot building features 2 Apartments and a Bar on the first floor. The 2nd floor Apartment offers 3 Large bedrooms, Eat in Kitchen, and full bath, and the 3rd floor apartment offers a 1 bedroom, kitchenette, and 1 full bath. All units are in great condition, for the 2nd floor apartment is generating $1,000.00 per month and the 3rd floor apartment is generating $675.00 per month. In addition, there is "12 garages" and" Liquor License" being sold with this Mixed Use Building; SELLER is willing to Sell LIQUOR License separate from the Real Estate. The garages are renting for $75.00 per unit, because these are long term tenants. These are outstanding -Money Makers in the City of Trenton. The market says the garages units should be renting for $115.00 or $125.00 per month, and the Bar is in excellent condition; its has a mahogany Wood covering the Bar area, and there is a nice lounge area and Game Room, In addition, the is seating in the rear of the Bar Also, with a Full Kitchen and two full bathrooms. and the max capacity inside the Bar is 76 patrons. the Bar, being in such an outstanding condition, will easy rent for 2300.00-2500.00 per month. Thus, when this building is operating at full capacity, it generates over $5,000.00 per income every month. In addition, in 2015, there were major renovations done on the entire building, and they are as follows: there was a expansion performed on the first floor Bar, increasing commercial space from 700 Sq. Ft to 1,768 Sq. ft, New Floor, another Bathroom, New Bar top and Stools, New Lighting and access to Yard/Patio. On the 2 and 3 floor apartment units, there were additional kitchen and full baths updates; all Electrical wiring throughout the entire building, which included new electrical service to the 4 car garage in the back yard also; the smoke detectors were hard wired with independent phone lines for emergency calls, and there was new installation of a Direct Vent Heating unit. The Bar is a Turn Key operation; it comes complete with all items needed: 2 Large screens TV, a Cooler, 2 Stand Up Refrigerators, and Ice Machine; it has a pool room, a dance floor, and a kitchen. for there is access to the yard and a 6 ft Fence for separation and privacy, when the party's are taken outside to the patio. This Mixed Use structure is in magnificent condition, and it is a -Must see for all investors looking for low hanging Fruit.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nexthome Force Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T17:52:25.917.
    www.forcenj.com/homes/108612648
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    554-554 Lamberton Street TRENTON, NJ 08611

    • Price: $319,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: NJME298386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    Trenton City (21111)
    County:
    Mercer
    Area:
    Trenton City (21111)
    School District:
    Trenton Public Schools
    Property Description
    Calling all investors seeking a high income producing property. Check out this massive sized Brick structure located in South Trenton. It features: a three story Brick building with a 3,150 ft yard with a covered patio, and a 704 square ft . 4 car garage that can be used as addition space for the Bar or the residence. This beautiful corner lot building features 2 Apartments and a Bar on the first floor. The 2nd floor Apartment offers 3 Large bedrooms, Eat in Kitchen, and full bath, and the 3rd floor apartment offers a 1 bedroom, kitchenette, and 1 full bath. All units are in great condition, for the 2nd floor apartment is generating $1,000.00 per month and the 3rd floor apartment is generating $675.00 per month. In addition, there is "12 garages" and" Liquor License" being sold with this Mixed Use Building; SELLER is willing to Sell LIQUOR License separate from the Real Estate. The garages are renting for $75.00 per unit, because these are long term tenants. These are outstanding -Money Makers in the City of Trenton. The market says the garages units should be renting for $115.00 or $125.00 per month, and the Bar is in excellent condition; its has a mahogany Wood covering the Bar area, and there is a nice lounge area and Game Room, In addition, the is seating in the rear of the Bar Also, with a Full Kitchen and two full bathrooms. and the max capacity inside the Bar is 76 patrons. the Bar, being in such an outstanding condition, will easy rent for 2300.00-2500.00 per month. Thus, when this building is operating at full capacity, it generates over $5,000.00 per income every month. In addition, in 2015, there were major renovations done on the entire building, and they are as follows: there was a expansion performed on the first floor Bar, increasing commercial space from 700 Sq. Ft to 1,768 Sq. ft, New Floor, another Bathroom, New Bar top and Stools, New Lighting and access to Yard/Patio. On the 2 and 3 floor apartment units, there were additional kitchen and full baths updates; all Electrical wiring throughout the entire building, which included new electrical service to the 4 car garage in the back yard also; the smoke detectors were hard wired with independent phone lines for emergency calls, and there was new installation of a Direct Vent Heating unit. The Bar is a Turn Key operation; it comes complete with all items needed: 2 Large screens TV, a Cooler, 2 Stand Up Refrigerators, and Ice Machine; it has a pool room, a dance floor, and a kitchen. for there is access to the yard and a 6 ft Fence for separation and privacy, when the party's are taken outside to the patio. This Mixed Use structure is in magnificent condition, and it is a -Must see for all investors looking for low hanging Fruit.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Private GarageOn StreetOff Site Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3760.00 Cooling Ceiling Fan(S)Central A/C Heating Radiator Heating YN Yes Net Square Feet 3760.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2019 Association YN No Business Type Apartment BuildingRestaurant/Bar Central Air YN Yes Cooling Fuel None Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Trenton City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304201909359 Ownership Interest Fee Simple Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 4046.00 Tax Assessment Amount 74300.00 Tax Lot 00001 Vacation Rental YN No Water Source Public Zoning Mixed Use

    Listing courtesy of Ekr Realty Llc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nexthome Force Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T17:52:25.917.
     
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    Nexthome Force Realty Partners
    36 Monmouth Street, Unit 2
    Shrewsbury NJ, 07701