718 RENNIE ST Under Contract Save Request In-Person Tour Request Virtual Tour
Hamilton,NJ 08610
Key Details
Property Type Commercial
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID NJME2054276
Year Built 1935
Annual Tax Amount $10,825
Tax Year 2024
Lot Size 9,601 Sqft
Acres 0.22
Lot Dimensions 150.00 x 64.00
Property Sub-Type Other
Source BRIGHT
Property Description
Excellent investment opportunity! This unique property offers a single-story, 9,600 +/- square-foot masonry building and an income-producing residential duplex. The warehouse's front section features a well-maintained office space, while the rear boasts spacious warehouse facilities with 14-foot ceilings. Additional amenities include a loading dock, a drive-through door (10 feet wide and 14 feet high), two restrooms, 220-volt electrical service, and 900 square feet of clean office space.
The included duplex, located at 406–408 Berg Avenue, currently generates $28,200 annually, with potential to reach $39,000. Unit #1 of the warehouse spans approximately 5,000 square feet, renting for $38,400 per year with room to increase to $60,000. Unit #2 is a mechanics bay with long-term lease in place. Units #3 and #4 can be leased together at approximately 3,840 square feet, or separately at 1,920 square feet each can potentially be leased $2400 a year. The entire property is fenced and the warehouse is equipped with a security system. This is a rare find in a desirable location, offering a mix of residential and industrial income streams. Ideal for contractors, light manufacturers, or investors.
Location
State NJ
County Mercer
Area Hamilton Twp (21103)
Zoning R-7
Interior
Hot Water Natural Gas
Heating Other
Cooling Other,Central A/C
Inclusions 406 -408 Berg Ave. MLS# NJME2054258
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hamilton Township
Others
Tax ID 03-02325-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard