Address
228 Emanuel Street Trenton, NJ
Price
$ 240,000
Property Attributes
  • MLS#NJME2003934
  • TypePending
  • CountyMERCER
  • CityTrenton
  • AreaHamilton Twp
  • Zip08610
  • Style
  • Year Built1935
  • Taxes$ 5328
  • Price$ 240,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
EXP Realty, LLC
Data Source:
Bright MLS
Property Description

This is one of two, nearly identical duplexes for sale across the street from each other in Hamilton Township. The other is 229 Emanuel St. They are available individually or as a package for real estate investors or live-in landlords. We will provide serious buyers detailed descriptions of each property and a financial analysis. 228 Emanuel St has two, one-bed apartments with single baths and detached garage for extra income opportunity. It has separate gas boilers and water heaters and separate electric meters. Tenants pay gas and electric. The upstairs apartment includes a finished attic. The downstairs apartment has a full basement. Both apartments have double-pane windows. It is a turnkey property that promises nearly maintenance-free operation and good income, high appreciation and, of course, depreciation benefits. Emanuel Street is very short and is really its own neighborhood. Properties are well-maintained and a number of owners have updated theirs. The apartments are both rehabbed and in excellent condition. The basement is partially finished for extra living area. The renovated kitchens feature granite countertops and the bathrooms include ceramic tile. The upstairs apartment has new carpet and laminate flooring and was painted a little more than a year ago. The downstairs apartment has refinished wood floors and has been freshly painted. The duplex is fully tenanted. Monthly rents are $1194 and $1350 for 228 Emanuel for a yearly total of $30,528. All rents are paid automatically through an online app. Monthly maintenance is low since the apartments have been well maintained. Tenants are on yearly leases. An independent appraisal of 228 Emanuel projected a nine-percent increase in value during 2021 across the entire neighborhood due to two factors: 1. Low inventory and a marketing time of less than 60 days. The appraisal report specifically said: “THE MEDIAN PRICE OVER THE PAST 90 DAYS ($196,000) HAS INCREASED FROM THE SAME PERIOD OF 2019 ($180,000), SHOWING A 9% INCREASE.” It also reported that: “CURRENT MARKET CONDITIONS APPEAR TO BE STRONG; THUS, MARKETING TIME IS ESTIMATED TO BE UNDER 60 DAYS.”

Price History
8/20/2021 Listed $240,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Appliances Dryer, Refrigerator, Water Heater, Washer, Stove
Architectural Style Other
Construction Materials Frame
Cool Fuel None
Cooling Wall Unit
County MERCER
Days on Market 44
Electric 100 Amp Service
Exclusions Tenants' belongings, contents of garage
Exterior Features Gutter System
Flooring Hardwood, Laminated
Garage Spaces 1.00
Garage Y/N Yes
Heating Baseboard - Hot Water
Lot Size Square Feet 3484.80
MLS Area Hamilton Twp (21103)
Municipality HAMILTON TWP
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 147.87
Property SubType Duplex
Property Type Multi-Family
PropertyCondition Excellent
Rent Control Y/N No
Roof Asbestos Shingle
School District HAMILTON TOWNSHIP
School District 300200396172
Sewer Public Sewer
Structure Type Detached
Subdivision Name NONE AVAILABLE
Tax Annual Amount 5328.0
Tax Lot 00041
Tax Year 2021
Total Units 1
Utilities Cable TV
Vacation Rental Y/N No
Water Access Y/N No
Zoning RESID

Interior Features

Basement Y/N No
Central Air Y/N No
Fireplace Y/N No
Furnished Units None
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 1848
Window Features Double Pane, Double Hung

Exterior Features

# Of Detached Garage Spaces 1
Door Features Six Panel, Storm
Garage Features Garage - Front Entry
Inclusions Washer, Dryer, Refrigerator (2)
Lot Dimensions 35.00 x 200.00
Lot Size Acres 0.08
Lot Size Source Estimated
Navigable Water Y/N No
Parking Features Concrete Driveway
Total Parking Spaces 4
Type of Parking Driveway, Detached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 08610

Price
AVG $270K
$240K
Taxes
AVG $5,608
$5,328
Visits
AVG 57
97
Year Built
AVG 1941
1935
Walkscore
AVG 59
59
Data Provided by Walkscore ® not using MLS data

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