1939 Pennington Rd, Ewing, NJ 08618

2 unit apartment building for sale for $675,000 Contact six-zero-nine-seven-three-five-seven-six-nine-zero to schedule showing. The building has been well maintained as student housing for the college of New Jersey for over 30 years. Both units are currently occupied with leases ending in June 2025. Current gross annual rent for property is $55,200 and is conservatively undervalued at and could be increased by atleast an additional $7,000 a year annually. Both units have separate HVAC, electric and plumbing. Each unit has central AC and separate washer/dryers. The units also have seperate entrances for convenient access. The building has a full 1,200 sq foot basement for storage and 8 off street parking spaces. The property is right across from campus town and is within walking distance for the students. We have had full occupancy with no vacancies through 30 year plus ownership. If you have any questions or would like to schedule a showing please contact phone number noted at the beginning of the listing.