40 Baldwin Street
New Brunswick, NJ 08901
0.12 acres | #2410942R
Description
Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!
Interior Details
- InteriorUnit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)
Heating & Cooling
- HeatingRadiators-Hot Water
Property Details
- Exterior FeaturesCurbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common
- Lot DescriptionNear Train, Corner Lot, Level
- Stories3
Measurements
- Acres0.115
Parking
- Parking Features4(+)Car Parking
Construction Details
- BasementFull, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities
- Property TypeInvestment
Condition
- Year Built1920
Material information
- RoofAsphalt
Utilities / Energy Details
- Utility FeaturesElectricity Connected, Natural Gas Connected
- Sewer InformationPublic Sewer
- GasNatural Gas
- Utility SourcePublic
- WaterPublic
Community and Neighborhood Details
- Community FeaturesCurbs, Sidewalks
Location
- CountyMiddlesex
Financial Details
- Taxes Annual$11,325
Other
- OwnershipFee Simple
Source
- MLS #2410942R
Location
Legal
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Last Updated:Â . Source: CJMLS
Listing Courtesy
Listing Agent: CHRISTIAN KAVANAUGHÂ (#CHRIKAVA)
Listing Office: KELLER WILLIAMS REALTY (#KRLT)