424 Trenton Road, BROWNS MILLS, NJ 08015 (MLS # NJBL2084780)
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Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants. Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house. With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.
| DAYS ON MARKET | 3 | LAST UPDATED | 7/26/2025 |
|---|---|---|---|
| YEAR BUILT | 1966 | COMMUNITY | Pemberton Twp (20329) |
| COUNTY | BURLINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| CONSTRUCTION | Frame |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| VIEW | Yes |
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