Under contract

ACTIVE UNDER CONTRACT

175 Washington

Princeton NJ, 08540

$1,200,000


$184.62 per sqft

Under contract

ACTIVE UNDER CONTRACT

1 Bed

6,500 sqft

Multi-family

Built in 1966

This prime mixed-use property offers an exceptional investment opportunity in a location that is second to none. Situated on 0.75 acres, this property features a thriving commercial space with a long-term lease and four fully occupied residential apartments, generating a strong and consistent income stream. Located just steps from the train station, this property benefits from unparalleled accessibility, making it highly attractive to both businesses and residents. The four apartments provide ensuring steady cash flow. With all units currently occupied by long-term, reliable tenants, you can start earning from day one. The property also offers ample on-site parking, adding to its appeal. This is not just a solid investment but also a value-add opportunity. With some modern updates and improvements, there is significant potential to increase rental income and enhance the overall value of the property. Given its location, income stability, and growth potential, this property is a rare find that stands out in the market. Don't miss this one-of-a-kind opportunity to invest in a property with incredible potential in a prime location. The property is being sold strictly as-is, offering the buyer full control over any future renovations or enhancements.

NJME2047698

MLS ID

October 14, 2024

Listed

November 1, 2024

Updated

Map

175 Washington
Princeton NJ, 08540

Interior Features

Bedrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.76 Acres


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

WEST WINDSOR-PLAINSBORO REGIONAL

Other Property Details

Area Name

WEST WINDSOR TWP


Taxes

$21,137


Tax Frequency

Annually


Days on Market

10


Garage

No


View

No


County

MERCER


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/23/2024

Under contract

Listed by Compass New Jersey, LLC - Princeton
Listing Contact: 6099330880 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/1/2024 at 3:24 AM UTC

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