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Epique Realty
16 Lanning Street, Ewing NJ 08618, 1102 - Ewing, NJ 08618
- $399,000
- 2
- BA
- 1,450
- SqFt
- List Price
- $399,000
- Days on Market
- 6
- Status
- ACTIVE
- MLS#
- 2706908R
- Bathrooms
- 2
- Living Area
- 1,450
- Lot Size (Acres)
- 0.1797
- Year Built
- 1955
Property Description
Attention investors and parents of college students! This turn-key two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key: Solid cash-flowing asset being sold, perfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fast, properties this close to campus rarely last!
Additional Information
- Area
- 1102 - Ewing
- Basement Desc
- Full, Storage Space, Laundry Facilities
- Utilities
- Electricity Connected, Natural Gas Connected
- Taxes
- $7,425
- Exterior
- Yard
- Lot Size
- 7,828
- Parking Driveway
- 3-4 Car Parking, On Street
- Lot Description
- Interior Lot
- Water
- Well
- Basement
- Yes
- Levels
- 2
- Heat Fuel
- Forced Air
- Cooling
- A/C Wall Unit(s),A/C Window Unit(s)
- Water Sewer
- Public Sewer
- Interior
- Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,1 Bath,Living Room)
- Rooms
- 7
- Roof
- Asphalt
- Stories
- 2
- Show Address
- Yes
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Listing Courtesy Of ORANGE KEY REALTY, INC., Contact:
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