For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $685,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2007484
Sold Date 04/02/20
Originating Board CJMLS API
Year Built 1950
Annual Tax Amount $15,998
Tax Year 2018
Lot Size 2,500 Sqft
Acres 0.0574
Lot Dimensions 50 x 50
Property Description
Wow! What an opportunity to own in the heart of Rutgers off campus student neighborhood! Amazing location on the corner of Wyckoff and Ray St. You can see Easton/College Ave from the front yard. A Licensed Rooming House with 8 units designed like a small apt building, each unit has a private entrance, each w one large bedroom area and full bathroom varying from 150-280 sqft. Annual rent is $71,520. Maintenance is low since there are no furnaces or boilers. All units are separately metered and heated with electric. Tenants pay ALL utilities. There are 7 parking spaces that are rented to the tenants or to neighbors looking for parking. Several units are under rented. Some are the size of doubles but rented as a single and some can be converted to studios. Collect rent, enjoy rent increases and watch the property appreciate in value for years to come! Rented through August 2019. Property to be sold AS IS. Buyer responsible for all certifications.
Location
State NJ
County Middlesex
Interior
Heating Electric, Separate Control
Cooling A/C Wall Unit(s)
Exterior
Utilities Available Electricity Connected
Parking Type 4(+)Car Parking
Building
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 130007900000001801
Ownership See Remarks
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION