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, 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, approx $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.
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, 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, approx $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.
Neighborhood
Type
County
Middlesex
Area
New Brunswick
Tax Amount
$9,947
Status
Active
Listing #
22518876
Built
1940
Lot Size
0.11
Listed on site
5 days
Listing Agent Phone
(732) 259-9300