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$1,500,000
Est. payment /mo
4,752 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,752 sqft
Price per Sqft $315
MLS Listing ID 2612943R
Year Built 1900
Annual Tax Amount $25,535
Tax Year 2024
Lot Size 6,599 Sqft
Acres 0.1515
Lot Dimensions 165.00 x 0.00
Property Sub-Type Investment
Source CJMLS API
Property Description
Exceptional investment opportunity in the heart of New Brunswick! This 18-unit licensed rooming house offers strong in-place cash flow with immediate upside potential. Currently generating approximately $175,000+ in annual income with a net operating income of over $100,000, this asset is ideal for investors seeking stable returns in a high-demand rental market. The property features 18 income-producing units with a diversified tenant base, all currently on month-to-month leases providing flexibility for rent optimization and improved management strategies. Utilities and operations are already stabilized, making this a turnkey opportunity with the ability to increase revenue over time. Additional highlights include public water and sewer, natural gas, newer roof (2022), and a mix of functional common areas and essential amenities to support tenant retention. On-site features include a garage and small outdoor space. Located in a high-demand rental corridor near Rutgers University, transportation, shopping, and major highways, this property benefits from consistent tenant demand and long-term growth potential. Whether you're expanding your portfolio or entering the multi-unit investment space, this is a rare opportunity to acquire a high-yield asset in a prime location.
Location
State NJ
County Middlesex
Zoning C-3A
Interior
Heating Baseboard
Cooling Window Unit(s)
Flooring Laminate, Wood
Heat Source Natural Gas
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description See Remarks
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1300187000000001
Energy Description Natural Gas
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Listed by EXP REALTY, LLC
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