About 73 Nichol Avenue
Investor's dream in a prime New Brunswick location! Just seconds from Rutgers University's Douglass Campus, this spacious 5-bedroom Colonial offers an exceptional investment opportunity with a legal occupancy for seven tenants. The home features 5 bedrooms, 2.5 baths, beautiful hardwood floors, a detached 2-car garage, and a one-car driveway with room to stack two additional vehicles. Enjoy the large rear wooden deck, perfect for outdoor entertaining or relaxing. The fully finished, legal basement includes 2 bedrooms, a full bath, and a family room, providing additional versatile living space. The property is currently tenant-occupied and generates $4,400 per month in rental income. The lease is month-to-month and extends through March 31, 2027. Sale is subject to the existing tenancy. Buyer is responsible for obtaining the Certificate of Occupancy (CO). Conveniently located near Rutgers University, public transportation, restaurants, shopping, and major highways, this is an outstanding opportunity for investors seeking strong rental income in one of New Brunswick's most desirable rental markets.
Features of 73 Nichol Avenue
| MLS® # | 2700897R |
|---|---|
| Price | $599,999 |
| Bedrooms | 5 |
| Bathrooms | 2.50 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 1,428 |
| Acres | 0.11 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 73 Nichol Avenue |
|---|---|
| Subdivision | Douglas College |
| City | New Brunswick |
| County | Middlesex |
| State | NJ |
| Zip Code | 08901 |
Amenities
| Utilities | Underground Utilities |
|---|---|
| Parking | 1 Car Width, Concrete, 2 Cars Deep, Garage, Detached, Garage Door Opener |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | 2 Bedrooms, Laundry Room, Bath Full, Storage, Family Room, Utility Room, Entrance Foyer, Kitchen, Bath Half, Living Room, Dining Room, 3 Bedrooms, Bath Main |
|---|---|
| Appliances | Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Range, Washer, Gas Water Heater |
| Heating | Radiators-Steam |
| Cooling | Wall Unit(s), Window Unit(s) |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Gas |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Finished, Bath Full, Bedroom, Daylight, Exterior Entry, Recreation Room, Interior Entry, Utility Room, Laundry Facilities |
Exterior
| Exterior Features | Barbecue, Curbs, Deck, Sidewalk, Yard |
|---|---|
| Lot Description | Near Public Transit |
| Roof | Asphalt |
Additional Information
| Days on Market | 55 |
|---|---|
| Zoning | R-5A |
Listing Details
| Office | C-21 BARROOD REALTORS |
|---|