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!
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.
Age: Over 50 Years Old
Appliances: Dryer, Range / Oven, Refrigerator, Washer
two family home located in the perfect rental spot. The Search for your home ownership dream home is waiting. Live in one unit and help pay the loan with rental income from the second floor. Separate entry along with separate utility service make this ideal investment. Large living room, with eat in kitchen in each unit The home does not stop there, walk out to the highly desirable two car garage with all the room you need. This is a Fannie Mae Home Path property.