Laclede Avenue Apartments

115 Laclede Avenue Trenton, NJ 08618

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Property Details

  • Price$ 395,000
  • Property TypeMulti Unit Housing
  • NeighborhoodMercer County
  • Number of Units7
  • Lot Size0.16 acres
  • Price/Unit$ 56,429
  • Price/Bedroom-
  • Year Built1960s

Investment Highlights

  • 100% Occupied
  • Brick Exterior with Pitched Roof
  • Separately Metered Utilities

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Laclede Avenue Apartments, a 7-unit property located along the Delaware River in Trenton, New Jersey. Laclede Avenue Apartments was built in the 1960’s and has excellent construction features including brick exterior walls, a pitched roof, and ample off-street parking. Utilities are separately metered to the resident. The unit mix consists of (4) one-bedroom units (57%) and (3) studio units (43%). Tenants pay electric heat, hot water and electric. The property is located along “The Island” which is the waterfront section of the City just off of Route 29. It offers convenient access to public transportation and is approximately one mile from Trenton’s Waterfront Park and The CURE Insurance Arena. The property presents an outstanding opportunity for the new owner.

Offering Memorandum


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NOTE: Outside Brokers must complete this Cooperating Broker Agreement and return via email to info@rittenhouserealty.com or fax to 267-324-3394.

Brokers

Ken Wellar
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487 / NJ 1005492
ken@rittenhouserealty.com

Jeffrey Goldstein
Tel: (845) 368-2400
License: NJ 9110168
jpg@multifamilymgmt.com

Mark Duszak
Tel: (215) 454-2852 EXT 1003
Cell: (215) 805-5011
License: PA RS277420 / NJ 0047530
mark@rittenhouserealty.com


Location


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