Skip To Content

240 Cedar St

South Bound Brook Boro, NJ 08880
  • $565,000
  • STATUS: Active Under Contract
  • ON SITE: 76 Days
  • MLS #: 3884136
Under Contract
$565,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,108
    SQFT
  • $268
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

You now have an unbelievable chance to become the owner of this two-unit multi-family property. Large bedrooms, huge living rooms, gleaming hardwood floors and an oversized lot are just a few of the highlights. There is potential for up to $52,000 in yearly rental income. That is not even considering the FOUR personal parking spaces that can be rented out individually. Situated in a prime location, it is minutes from major highways like I-287 & Route 22.This property is located 20 minutes from Rutgers New Brunswick and Robert Woods Johnson Hospital. While also being within 50 minutes from NYC. This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
www.williamhagangroup.com/homes/147185898
Print Image

240 Cedar St South Bound Brook Boro, NJ 08880

  • Price: $565,000
  • Status: Active Under Contract
  • On Site: 76 Days
  • MLS #: 3884136
4
Beds
2
Baths
0
½ Baths
0.15
Acres
2,108
SQFT
$268
$/SQFT
1950
Built
County:
Somerset
Area:
South Bound Brook Boro
Property Description
You now have an unbelievable chance to become the owner of this two-unit multi-family property. Large bedrooms, huge living rooms, gleaming hardwood floors and an oversized lot are just a few of the highlights. There is potential for up to $52,000 in yearly rental income. That is not even considering the FOUR personal parking spaces that can be rented out individually. Situated in a prime location, it is minutes from major highways like I-287 & Route 22.This property is located 20 minutes from Rutgers New Brunswick and Robert Woods Johnson Hospital. While also being within 50 minutes from NYC. This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
Exterior Features

Approximate Lot Size 50X134 Exterior Description Aluminum Siding Lot Description Corner Number Of Parking Spaces 4 Parking Driveway Description 2 Car WidthBlacktop Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Partial Cooling Wall A/C Unit(s) Heating Forced Hot Air Total Number Of Rooms 9 Unit1 Appliances Equipment CeilFanCookGasKitExhFnRefrigSmokeDetOvnWElec Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving RoomStorage Unit1 Rooms 8 Unit1 Security Deposit 0 Unit1 Sq Ft 1000 Unit2 Appliances Equipment CeilFanCookGasKitExhFnRefrigSmokeDetOvnWElec Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 1000

Property Features

Assessment Total 250000 Building Assessment 170000 Easement No Fha Age Restricted No Fuel Type Electric Gross Operating Income 0 Land Assessment 80000 Net Operating Income 0 Sewer Public Sewer Tax Amount 9465 Tax Rate Amount 3.786 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities Electric Water Public Water Year Built Description Historical

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Signature Realty Nj: 973-921-1111.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3884136-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3884136-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3884136-2.jpg
Logo
eXp Realty
910 1st Ave
Asbury Park NJ, 07712