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Home for Sale at 1530 PENNINGTON RD, EwingTownship, NJ 08618

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1530 PENNINGTON RD, EwingTownship, NJ 08618
Listing# 6890742
 
 
 
 
Price: $450,000
Type: Multi-Family
School District: Ewing Twp
County: Mercer
 
 
 
 
    Photo of home for sale at 1530 PENNINGTON RD, EwingTownship NJ
Exterior Front
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Property Description:
 
 
 
 
Solid income producing property close to TCNJ/Rider with expansion possibilities. Currently set up as a legal three unit apartment building plus 6 garages. Unit 1 is a four bedroom, 2 bath unit; Unit 2 is a 2 bedroom/ 1 bath unit and Unit 3 is a one bedroom efficiency. Garage space rents for $100 per month per garage. Tenants pay utilities except water and sewer. Additional land was approved in 2006 for a six unit apartment building. Interior newly repainted and recarpeted. Many building systems upgraded/replaced recently. 1520 Pennington Rd immediately next door approved for 11 room dormitory and commercial space building

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Multi-Family
Listing Status:Active
Area Name:Ewing Twp (21102)
Subdivision:NONE AVAILABLE
Design:AptBldg
Year Built:1881
Exterior:Wood
Roofing:PitchedRoof
Garage Spaces:4+CarGarage
Garage Type:Detached
Parking:8+CarParking
Heat Type:Gas, Radiator
Water:Public
Sewer:Public Sewer
Acres:1.06
Lot Dimension:147 X 314
 
 
 
 
FEATURES:
 
 
 
 
Exterior Features:StreetLights
Floors:Wood, Fully Carpeted, Vinyl
 
 
 
 
ROOM INFO:
 
 
 
 
Has Basement:Y
Basement Type:Partial, Unfinished
 
 
 
 
SCHOOLS:
 
 
 
 
School District:Ewing Twp
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$450,000
Annual Taxes:$10,728
Annual Insurance:$1,000
Annual Maintenance:$3,000
Gross Operating Income:$52,800
Total Expenses:$16,528
Tax Year:2016
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Broker Reciprocity Courtesy of Gloria Nilson & Company Real Estate - Pennington 

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