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-- Beds

2 Bathrooms

1,450 Building Sqft

7,828 Lot Sqft

$399,000

16 Lanning Street, Ewing, NJ, 08618

About 16 Lanning Street

Active 2 Family

Attention investors and parents of college students! This turn-key, as-is 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 & As-Is: Solid cash-flowing asset being sold strictly in as-is conditionperfect 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 fastproperties this close to campus rarely last!

Features of 16 Lanning Street

MLS® #
2706908R
Bathrooms
2
Acres
0.18
Type
Residential Income
Price
$399,000
Building Sqft
1,450
Year Built
1955
Sub-Type
2 Family

Exterior

Lot Description
Interior Lot

Community Information

Address
16 Lanning Street
City
Ewing
County
Mercer
State
NJ
Zip Code
08618

Listing Information

Agent Name
MICHAEL MATTHEWS
Agent Office
ORANGE KEY REALTY, INC.

Listing Map

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At a Glance

16 Lanning Street

Ewing, NJ, 08618

$399,000

0 Beds

2 Bathrooms

1,450 Building Sqft

7,828 Lot Sqft

Contact Agent