276-278 Hillcrest ave
Multifamily | 6.83% CAP
Marketing description
276–278 Hillcrest Ave, Trenton, NJ 08618 – Multi-Family Property This multi-family property consists of seven residential units, all currently occupied and generating income. The building offers a mix of apartment sizes, providing a diversified and stable rental base. Most units have been renovated and finished in a consistent style, with one unit remaining in its original condition. Buyers should expect normal tenant wear and tear throughout the property. The property produces a total monthly rent roll of $8,701, equating to $104,412 annually. Photos are provided to show the type and level of finishes and may not reflect the exact condition of each occupied unit.
Investment highlights
Seven-unit residential building, fully occupied, with the following unit mix and rents:
Unit 1: 1BD/1BA – $769 (not renovated)
Unit 2: 1BD/1BA – $1,300 | Lease through 01/31/2025
Unit 3: Studio – $1,000 | Lease through 10/31/2025
Unit 4: 2BD/1BA – $1,482 | Lease through 02/28/2025
Unit 5: 2BD/1BA – $1,550 | Month-to-month Unit 6: Studio – $950 | Month-to-month
Unit 7: 3BD/1BA – $1,650 | Lease 01/01/2026–12/31/2027
All units except Unit 1 have been renovated and finished the same way. Expect normal tenant wear and tear across all apartments.
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