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$1,500,000
Est. payment /mo
4,752 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,752 sqft
Price per Sqft $315
MLS Listing ID 4017960
Year Built 1900
Annual Tax Amount $26,208
Tax Year 2025
Lot Size 6,534 Sqft
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
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Flooring Laminate, Wood
Equipment Appliances
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding, Wood
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXP REALTY, LLC
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