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40 Baldwin Street
New Brunswick, NJ 08901
New Brunswick City
New Brunswick School District
Middlesex County
Bedrooms
7
Full Baths
0
Acres
0.115
Age
104
Heating
Radiators-Hot Water
Gas
Natural Gas
Cooling
Window Unit
Water
Public
Sewer
Public
Basement
Full
Taxes (2022)
$11,325
Parking
4+ Cars
Additional Details Below

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 and 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!

Location

Listing Details

Summary
Property Type

•Multi Family

Parking

• 4(+)Car Parking

Interior Features
Basement

• Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities

Interior Features

• Unit 1 (2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2 (3 Bedrooms,Kitchen,1 Bath), Unit 3 (2 Bedrooms,Kitchen,1 Bath,Living Room)

Appliances

• Water Heater(Gas), Water Heater, Unit 1 (Range/Oven,Refrigerator), Unit 2 (Range/Oven,Refrigerator), Unit 3 (Range/Oven,Refrigerator)

Exterior Features
Roofing

• Asphalt

Lot Features

• Near Train, Corner Lot, Level

Exterior Features

• Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common, Porch(es) - Open, Porch

HOA/Condo Information
Community Features

• Curbs

Utilities
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

Sewer

• Public Sewer

Water

• Public

Additional Utilities

• Electricity Connected, Natural Gas Connected

Miscellaneous

Assessment : 0
Zoning: R-5a
Lattitude : 40.482702
Longitude : -74.442020
MLS# : 2410942R
Views : 35
Listing Courtesy: KELLER WILLIAMS REALTY

Notes

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