175 WASHINGTON, Princeton, NJ 08540 - MLS#NJME2047698

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$1,200,000

Est. payment - /mo

6,500 SqFt

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UPDATED:

10/23/2024 07:41 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Under Contract

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $184

MLS Listing ID NJME2047698

Style Other

Abv Grd Liv Area 6,500

Originating Board BRIGHT

Year Built 1966

Annual Tax Amount $21,137

Tax Year 2023

Lot Size 0.758 Acres

Acres 0.76

Lot Dimensions 150.00 x 220.00

Property Description

This prime mixed-use property offers an exceptional investment opportunity in a location that is second to none. Situated on 0.75 acres, this property features a thriving commercial space with a long-term lease and four fully occupied residential apartments, generating a strong and consistent income stream. Located just steps from the train station, this property benefits from unparalleled accessibility, making it highly attractive to both businesses and residents. The four apartments provide ensuring steady cash flow. With all units currently occupied by long-term, reliable tenants, you can start earning from day one. The property also offers ample on-site parking, adding to its appeal. This is not just a solid investment but also a value-add opportunity. With some modern updates and improvements, there is significant potential to increase rental income and enhance the overall value of the property. Given its location, income stability, and growth potential, this property is a rare find that stands out in the market. Don’t miss this one-of-a-kind opportunity to invest in a property with incredible potential in a prime location. The property is being sold strictly as-is, offering the buyer full control over any future renovations or enhancements.

Location

State NJ

County Mercer

Area West Windsor Twp (21113)

Zoning R20

Rooms

Basement Partial

Interior

Hot Water Natural Gas

Heating Other

Cooling Central A/C, Wall Unit

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District West Windsor-Plainsboro Regional

Others

Tax ID 13-00044-00027

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Yael Lax Zakut • Compass New Jersey, LLC - Princeton

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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