About 24 Sanford Street
Welcome to 24 Sanford Stan income-producing, turnkey two-family property designed for investors and owner-occupants seeking strong rental potential with minimal near-term improvements. Renovated in 2023, the property features updated kitchens and finishes, separate utilities, updated electrical panels, wall-mounted heating, a new hot-water tank, and a roof approximately two years old. Generating approximately $3,700 in monthly rental income and offering an estimated 7% cap rate, this property presents an attractive opportunity for portfolio investors and first-time buyers looking to offset their mortgage by living in one unit and renting the other. With major improvements already completed, low anticipated rehabilitation needs, and efficient property management, 24 Sanford St offers immediate cash-flow potential and long-term value. A compelling opportunity for buyers searching nationwide for an affordable, low-maintenance multifamily investment.
Features of 24 Sanford Street
| MLS® # | 2703098R |
|---|---|
| Price | $329,999 |
| Square Footage | 2,287 |
| Acres | 0.05 |
| Year Built | 1887 |
| Type | Residential Income |
| Sub-Type | 2 Family |
| Status | Active - Atty Revu |
Community Information
| Address | 24 Sanford Street |
|---|---|
| City | Trenton |
| County | Mercer |
| State | NJ |
| Zip Code | 08618 |
Amenities
| Utilities | Electricity Connected, See Remarks |
|---|---|
| Parking | See Remarks, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks) |
|---|---|
| Appliances | Water Heater(Electric,See Remarks,Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator) |
| Heating | Baseboard Electric, Electric, See Remarks, Space Heater |
| Cooling | Mini Split,A/C Wall Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit) |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Daylight, Storage Space, Laundry Facilities |
Exterior
| Exterior Features | Patio, Sidewalk, Fencing/Wall, Yard |
|---|---|
| Lot Description | Near Shopping, Near Train, Near Public Transit |
| Roof | Asphalt |
Additional Information
| Days on Market | 14 |
|---|---|
| Zoning | RB |
Listing Details
| Office | UNITED R.E. OF NORTH JERSEY |
|---|