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Middlebush, NJ

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$595,000

181 Matilda Ave Somerset, NJ 08873
12 Beds
4 Full Baths 4 Half Baths
Courtesy Of ERA Properties Unlimited
MLS# 1503438
PROPERTY DESCRIPTION: 
Thinking of becoming a landlord and seeking an investment with a proven income stream? Look no further than the duplexes at 181 & 183 Matilda Avenue in Somerset. Both buildings are being offered together but are individually deeded with their own lot & block and associated property taxes. (Lot description and tax information were combined for this listing, call listing agent if clarification is needed). Each duplex has a proven track record of consistent, stable, and long-term occupancy and a solid rental income. All apartments are currently occupied. Even with below market rate rents, the properties earn a Gross Operating Income of approximately $65k/yr. There is significant potential for increased GOI given comparable units and asking rents in the area. A smart opportunity for the first-time or even experienced landlord!
FEATURES:
Sewer: City
Special Market: College / University
Style: 2 Story
Water: City Water

$279,880

Franklin Twp., NJ 08873
4 Beds
3 Full Baths
Courtesy Of RE/MAX Preferred Professionals
MLS# 3207290
PROPERTY DESCRIPTION: 
** GREAT INVESTMENT OPPORTUNITY ** Township APPROVED the Certificate of non-conforming use on 3/19/15. There are two separate buildings on one lot. Building 121 is a legal 2-family dwelling and building 123 is a legal 1 family dwelling -- for a combined total 3 units ** Two of the 3 units have had very long term tenants, providing steady rental income for decades! ** All 3 units are currently rented, however the opportunity exists for an owner to occupy part of the property ** Conveniently located on the corner of Kossuth & Hamilton Streets in the heart of the Hamilton Street Business District. ** Close to Rutgers University and downtown New Brunswick as well as the Northeast Corridor NJ Transit line and major highways like Routes 287, 18 and the NJ Tpk.
FEATURES:
Age: Over 50 Years Old
Amenities: Basement
Appliances: Refrigerator
Architecture Style: Other
Cooling System: Window Unit(s) A/C
Exterior Type: Brick
Lot Size: 0.09 Acres
Roof Type: Asphalt
Rooms: Basement, Bedroom, Full Bath, Living Room

$264,900

32 Highland Ave Somerset, NJ 08873
4 Beds
2 Full Baths
Courtesy Of ERA Statewide Realty
MLS# 3161605
PROPERTY DESCRIPTION: 
Great investment property, near Rutgers University, low taxes. Live in one unit, rent the other; New furnace and HWH; Overall good condition, Tenant on 1st floor will stay. First floor painted, second floor is being renovated, kitchen, bathroom, floors, painting.
FEATURES:
Age: Over 50 Years Old
Appliances: Dryer, Range / Oven, Refrigerator, Washer
Basement: Full
Cooling: Window A/C
Exterior Description: Vinyl Siding
Garage Description: No Garage
Heating - Fuel Type: Other
Heating Type: Radiator, Steam Heat
Roof: Asphalt Shingle Roof
Sewer: Public
Style: 2 Story
Water: City Water

Middlebush, NJ Real Estate & Homes for Sale - 3 Listings Found

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