Investor's Dream - Solid Brick 4-Family with Stable Income & Low Expenses! Don't miss this rare opportunity to acquire a fully occupied, solid brick four-family building with strong bones, excellent long-term tenants, and immediate cash flow. With a total monthly rental income of $5,675 and annual gross income of $68,100, this property is a solid addition to any investor's portfolio. The two 2-bedroom units rent for $1,650 each, while the one-bedroom units rent for $1,175 and $1,200. All units are separately metered for gas and electric, with tenants covering their own utilities. The landlord pays only water and sewer, approximately $800 per quarter, and benefits from very low property taxes, further maximizing ROI. The building offers four off-street parking spaces and a detached two-car garage. The property features two separate entrances, each providing access to a pair of unitsone on the first floor and one on the second. The dry, structurally sound basement has two access points and houses all individual furnaces, water heaters, and utility meters. Three tenants are on month-to-month leases and have lived in the building for many years; one tenant recently signed an annual lease beginning April 2025. All are cooperative and responsible, making this a smooth, low-maintenance investment. This is a rare chance to own a high-performing asset in a great locationschedule your showing today before it's gone!oute 18, shopping, and downtown New Brunswick.
Investor's Dream - Solid Brick 4-Family with Stable Income & Low Expenses! Don't miss this rare opportunity to acquire a fully occupied, solid brick four-family building with strong bones, excellent long-term tenants, and immediate cash flow. With a total monthly rental income of $5,675 and annual gross income of $68,100, this property is a solid addition to any investor's portfolio. The two 2-bedroom units rent for $1,650 each, while the one-bedroom units rent for $1,175 and $1,200. All units are separately metered for gas and electric, with tenants covering their own utilities. The landlord pays only water and sewer, approximately $800 per quarter, and benefits from very low property taxes, further maximizing ROI. The building offers four off-street parking spaces and a detached two-car garage. The property features two separate entrances, each providing access to a pair of unitsone on the first floor and one on the second. The dry, structurally sound basement has two access points and houses all individual furnaces, water heaters, and utility meters. Three tenants are on month-to-month leases and have lived in the building for many years; one tenant recently signed an annual lease beginning April 2025. All are cooperative and responsible, making this a smooth, low-maintenance investment. This is a rare chance to own a high-performing asset in a great locationschedule your showing today before it's gone!oute 18, shopping, and downtown New Brunswick.
Neighborhood
Type
Total Baths
County
Middlesex
Area
New Brunswick
Tax Amount
$9,947
Status
Active
Listing #
2561847M
Built
1940
Lot Size
0.11
Listed on site
5 days