Description
Unique investment opportunity to own a 2 lot, 5 units, rental property in North Trenton. Lot A is a two story building with 1 (2 Bedroom, 1 Bath) unit on the ground floor and an identical 2 bedroom and 1 bath unit on the second floor. Lot B is a lengthy 1 story brick building with 3 units, two of them are 2 bedrooms, 1 bath and the other unit is a 1 bedroom, 1 bathroom. There is an additional space that is currently being used as a storage/ office space that could be turned into another unit. All of the units have recently been renovated with low maintenance vinyl flooring, new kitchens and bathrooms. Tax abatement runs through the end of 2026. The tax payer is currently paying taxes on the value of 128,000 until the abatement comes off. The total value for the property when the abatement comes off would be 621,400. We will review the property value at that time to see if that is appropriate. The tax payer may also request a review of the value before the abatement is scheduled to come off.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
Description
Unique investment opportunity to own a 2 lot, 5 units, rental property in North Trenton. Lot A is a two story building with 1 (2 Bedroom, 1 Bath) unit on the ground floor and an identical 2 bedroom and 1 bath unit on the second floor. Lot B is a lengthy 1 story brick building with 3 units, two of them are 2 bedrooms, 1 bath and the other unit is a 1 bedroom, 1 bathroom. There is an additional space that is currently being used as a storage/ office space that could be turned into another unit. All of the units have recently been renovated with low maintenance vinyl flooring, new kitchens and bathrooms. Tax abatement runs through the end of 2026. The tax payer is currently paying taxes on the value of 128,000 until the abatement comes off. The total value for the property when the abatement comes off would be 621,400. We will review the property value at that time to see if that is appropriate. The tax payer may also request a review of the value before the abatement is scheduled to come off.
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