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40 Baldwin Street

New Brunswick, NJ 08901
  • $689,000
  • STATUS: Under Contract
  • ON SITE: 83 Days
  • MLS #: 2407496R
Under Contract
$689,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

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!

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Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2024-04-04T00:08:01.673.
www.williamhagangroup.com/homes/146932757
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40 Baldwin Street New Brunswick, NJ 08901

  • Price: $689,000
  • Status: Under Contract
  • On Site: 83 Days
  • MLS #: 2407496R
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1920
Built
County:
Middlesex
Area:
New Brunswick
Property 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!
Exterior Features

Carport Spaces 0 Exterior Features CurbsPorch(es) - OpenSidewalkFencing/WallBlindsPorchPrivate EntranceStorage Area-Common Lot Features Near TrainCorner LotLevel Parking Features 4(+)Car Parking Patio And Porch Features Porch(es) - OpenPorch Roof Asphalt

Interior Features

Appliances Water Heater(Gas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)Unit 3(Range/OvenRefrigerator) Basement FullBath HalfStorage SpaceTenant UseUtility RoomLaundry Facilities Cooling A/C Window Unit(s)Unit 1(A/C Unit)Unit 2(A/C Unit)Unit 3(A/C Unit) Heating Radiators-Hot Water Interior Features Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(3 BedroomsKitchen1 Bath)Unit 3(2 BedroomsKitchen1 BathLiving Room) Stories Total 3 Window Features Blinds

Property Features

Carport YN No Community Features CurbsSidewalks Garage YN No Heating YN Yes Owner Pays Unit 1 Owner Pays(See Remarks)Unit 2 Owner Pays(See Remarks)Unit 3 Owner Pays(See Remarks) Ownership Fee Simple Property Sub Type 3 Family Sewer Public Sewer Tax Annual Amount 11325 Tax Year 2022 Utilities Electricity ConnectedNatural Gas Connected Water Source Public Zoning R-5A



Central Jersey MLS logo Listing courtesy of KELLER WILLIAMS REALTY: .
Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC.. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.




Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2024-04-04T00:08:01.673.
 
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