Money Making Opportunity to own a 18 Unit Rooming House Property. Features 14 Rooms, 4 Efficiency Units, 6 Bathrooms & a 3 Car Garage. ALL FULLY RENTED. Units are in High Demand & always have a Waitlist. Consistently High Income Generator. Easy to Manage. Gross Income $186,060. Net Income $117,720. Cap Rate 7.59%. Brand New Roof & New Electricals in 2021. Great for Commuters, Bus Stop across the street & just a short 15 Minutes walk to New Brunswick Train Station.
4,752 Sq Ft
6,534 Sq Ft Exterior Space
Commercial
$25,535 Annual Tax
Built in 1900
MLS/Listing ID 3964791
3 Stories
18 Units
Construction - Wood
Listing Courtesy of RE/MAX COMPETITIVE EDGE, NADEEM QAVI
Source of Data: GARDEN STATE MLS