Building Details

Year Built 1985

Listing Agency: BHHS Fox & Roach - Robbinsville m***@foxroach.com Show Phone

Listed By: Dale Michele M Parello · License #9333237 Show Phone

Source: Cummingsrealtors

Added: Oct 5 Changed: Oct 16 Last Checked: Oct 16 at 9:26AM

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Investment Insights

Based on property information with market context.

This 1,100-square-foot residential unit was built in 1985 and has two bedrooms, two bathrooms, a separate dining room, and a balcony off the living room. Recent interior work includes fresh paint, renovated bathrooms, an updated eat-in kitchen, and vinyl flooring in the main living area and hallway. The home also has replacement windows, a gas range, a gas water heater, and recently installed gas heating and air conditioning. The primary bedroom includes a walk-in closet; the second bedroom has two double closets.

Shared community amenities include a pool, playground, dog run, and walking path. Veterans Park, the Hamilton Train Station, shopping, restaurants, Robert Wood Johnson University Hospital, and major roadways are also noted in the property information.

Key Highlights

• 1,100‑square‑foot unit built in 1985
• Two bedrooms, two bathrooms, separate dining room, and balcony
• Gas heater and air conditioner installed this summer; newer gas hot water heater

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,789

Cap Rate

5.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$335,780 $335.8K

Cap Rate 7%

$239,843 $239.8K

Cap Rate 9%

$186,544 $186.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$33.0K $30.00/SF

− Vacancy

−$2.5K −$2.25/SF

EGI

$30.5K $27.75/SF

− OpEx

−$13.7K −$12.49/SF

NOI

$16.8K $15.26/SF

Area

Mercer County, NJ

Vacancy

7.50%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$335,780

Cap Rate 7%

$239,843

Cap Rate 9%

$186,544

Alternative Uses

Best Use

Apartment 5plus

$239.8K

$209.9K – $279.8K (±1% cap)

NOI $16,789 @ 7.0% cap · market cap 5.38%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$353.9K

$309.7K – $412.9K (±1% cap)

NOI $24,774 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Kitchen & Bath Showroom Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

829

Businesses Nearby

Explore this area Business Placement

Demographics for 08619, NJ

23,301

Population

9,761

Households

2.4

Avg Household Size

44

Median Age

46%

College-Educated

96%

High-School Grad

10.0 sq mi

ZIP Area

2,330

Density / Sq Mi

$104,922

Median Household Income

$56,772

Median Earnings

$1,712

Median Rent

$320,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Updated two-bedroom unit with separate dining space and access to shared recreation amenities.

Where is this residential income property located?

The property is located at 63 HOLLY Trenton, NJ.

What is the asking price?

The asking price for this property is $312,000.

What are key features of this property?

This property features: 1,100‑square‑foot unit built in 1985; Two bedrooms, two bathrooms, separate dining room, and balcony; Gas heater and air conditioner installed this summer; newer gas hot water heater