40 Baldwin Street, New Brunswick, NJ

$689,000

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0.12

Acres

About 40 Baldwin Street

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 & 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!

Features of 40 Baldwin Street

MLS® # 2407496R
Price $689,000
Bathrooms 0.00
Acres 0.12
Year Built 1920
Type Residential Income
Sub-Type 3 Family
Status Under Contract

Community Information

Address 40 Baldwin Street
City New Brunswick
County Middlesex
State NJ
Zip Code 08901

Amenities

Utilities Electricity Connected, Natural Gas Connected
Parking 4(+)Car Parking
Is Waterfront No
Has Pool No

Interior

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)
Heating Radiators-Hot Water
Cooling A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
Fireplace No
# of Stories 3
Has Basement Yes
Basement Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities

Exterior

Exterior Features Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common
Lot Description Near Train, Corner Lot, Level
Roof Asphalt

Additional Information

Days on Market 29
Zoning R-5A

Listing Details

OfficeKELLER WILLIAMS REALTY

Listing Map

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