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276-278 Hillcrest Ave 7 Unit Apartment Building $1,298,593 CAD ($185,513 CAD/Unit) 6.50% Cap Rate Trenton, NJ 08618
Executive Summary
7-unit building. Fully occupied
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$141,085
|
$20.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,053
|
$1.03
|
| Effective Gross Income |
$134,031
|
$19.50
|
| Taxes |
$20,012
|
$2.91
|
| Operating Expenses |
$16,436
|
$2.39
|
| Total Expenses |
$36,448
|
$5.30
|
| Net Operating Income |
$97,583
|
$14.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $141,085 |
| Annual Per SF | $20.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,053 |
| Annual Per SF | $1.03 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $134,031 |
| Annual Per SF | $19.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,012 |
| Annual Per SF | $2.91 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,436 |
| Annual Per SF | $2.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,448 |
| Annual Per SF | $5.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,583 |
| Annual Per SF | $14.20 |
Property Facts
| Price | $1,298,593 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $185,513 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.50% | Building Size | 6,874 SF |
| Gross Rent Multiplier | 8.9 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2019 |
| Property Subtype | Apartment | ||
| Zoning | RB1 | ||
| Price | $1,298,593 CAD |
| Price Per Unit | $185,513 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,874 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2019 |
| Zoning | RB1 |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
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Property Taxes
| Parcel Number | 11-32901-0000-00033 | Total Assessment | $344,879 CAD |
| Land Assessment | $191,372 CAD | Annual Taxes | $20,012 CAD ($2.91 CAD/SF) |
| Improvements Assessment | $153,507 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
11-32901-0000-00033
Land Assessment
$191,372 CAD
Improvements Assessment
$153,507 CAD
Total Assessment
$344,879 CAD
Annual Taxes
$20,012 CAD ($2.91 CAD/SF)
Tax Year
2025
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276-278 Hillcrest Ave
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