1530 Pennington Road
Ewing Twp, NJ 08618
MLS #6890742

Multi-Family
  • 4units
  • 7beds
  • 4baths
  • 1.06acres
  • 3,712sq ft
ACTIVE $450,000
Est. P&I payment: $1718.7/mo
1530 Pennington Road, Ewing Twp, NJ 08618
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Description for 1530 Pennington Road, Ewing Twp, NJ 08618
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
MLS #6890742
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My Notes for MLS #6890742

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: AptBldg
  • Entrance: Foyer
  • Floor: Wood,​Fully Carpeted,​Vinyl
  • Gross Square Feet: 3,712
  • Land Square Feet: 46,332
  • Total Units: 4
  • Unit 1 Lease End: 12/31/17
  • Unit 2 Lease End: 8/18
  • Unit 3 Lease End: 12/31/2017
  • Property Age: 136
  • County: MERCER
  • Subdivision: NONE AVAILABLE

Exterior Features

  • Water Front: N
  • Exterior: Wood
  • Exterior Features: StreetLights
  • Roof: PitchedRoof
  • Has Garage Flag: Y
  • Garage Spaces: 4+CarGarage
  • Garage Type: Detached
  • Parking: 8+CarParking

Interior Features

  • Basement: Y
  • Basement Type: Partial,​Unfinished
  • Studio Efficiency Unit Count: 1
  • Three Bedroom Unit Count: 1
  • Two Bedroom Unit Count: 1
  • Baths Full Unit 1: 2
  • Beds Unit 1: 4
  • Baths Full Unit 2: 1
  • Beds Unit 2: 2
  • Baths Full Unit 3: 1
  • Beds Unit 3: 1

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 2,200
  • Unit 2 Monthly Rent: 950
  • Unit 3 Monthly Rent: 650
  • Unit 4 Monthly Rent: 600
  • Annual Insurance Expense: 1,000
  • Annual Maintanance Expense: 3,000
  • Annual Water Sewer Expense: 1,800
  • Tax Year: 2016
  • Total Assessment: 201,200
  • Total Taxes: 10,728

School Features

  • School District: Ewing Twp

Miscellaneous Features

  • New Construction: N
  • Property Condition: Fixer-Upper
  • Storage: Attic
  • Type: MultiBldgs

Location

 
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Directions to 1530 Pennington Road, Ewing Twp, NJ 08618
From 95 take Route 31 South (Pennington Rd) to 1530 on left before Olden Ave
The listing information for 1530 Pennington Road, Ewing Twp, NJ 08618 was graciously provided by our friends at the listing brokerage, Gloria Nilson & Company Real Estate - Pennington

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P&I Payment $1718.7
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Last Updated 12/15/2017 at 1:20am
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