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Key Details
Sold Price $879,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2407451R
Sold Date 04/05/24
Originating Board CJMLS API
Year Built 1900
Annual Tax Amount $14,044
Tax Year 2023
Lot Dimensions 115.00 x 50.00
Property Description
Incredible Investment Opportunity. Nestled in the borough of Bound Brook, this exceptional 4-family, multi-family home stands as a prime investment in the sought-after Somerset County. Each unit offers a comfortable living experience, making this property an attractive option for investors. Each unit comprises 3 generously-sized bedrooms, providing ample space for residents. Enjoy the convenience of an eat-in kitchen and a welcoming living room in each unit, perfect for both relaxation and entertainment. Downstairs units (2) are equipped with forced heat, while the upstairs units (2) feature hot water baseboard heating. A notable feature of this property is the private driveway to the rear, creating a designated parking lot with abundant space for residents and guests. Each of the 4 units is equipped with separate electric, gas, and water meters, allowing for personalized utility management. Each unit has its own hot water heater and furnace. Take advantage of the secured income stream with rentals already in place for all 4 units, providing immediate returns on investment. Situated right off Main St, this property enjoys close proximity to shops and restaurants, offering residents a vibrant local atmosphere. Conveniently located with quick access to local and major highways, making commuting a breeze. Whether you're an experienced investor or entering the real estate market, this 4-family multi-family home in Bound Brook promises a harmonious blend of comfort, convenience, and financial potential. Schedule a viewing today to witness the exceptional value this property offers!
Location
State NJ
County Somerset
Rooms
Basement Full, Storage Space, Utility Room
Interior
Interior Features Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 4(3 Bedrooms, Kitchen, 1 Bath, Living Room)
Heating Baseboard Hotwater, Forced Air
Cooling A/C Window Unit(s)
Appliance Water Heater(Gas), Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es) - Open, Deck
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Asphalt
Porch Porch(es) - Open, Deck
Parking Type 4(+)Car Parking
Building
Lot Description Near Shopping, Near Train, Level, Near Public Transit
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 0400007000000026
Ownership Fee Simple
Energy Description Natural Gas
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