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(908) 202-5738
Real Estate Company
201 W Union Ave, Bound Brook Boro, NJ 08805
- $775,000
- 6
- BD
- 3
- BA
- List Price
- $775,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 4062053
- Year Built
- 1885
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Acres
- 0.21
Property Description
"Exceptional Investment Opportunity in Bound Brook" This handsome 3-family building offers great curb appeal and presents an excellent opportunity for investors looking to maximize rental income. The current owners valued their long-standing relationships with their tenants and as a result, chose not to increase rents over the many years of their tenancy. Consequently, the current rents are significantly below potential market levels, offering a new owner the opportunity to realize increased income. Based on estimated potential rents, the 3 bedroom apartment could command approximately $3200 per month, the 2-bedroom approximately $2800 per month, and the studio apartment approximately $900-$975 per month. A property with 3 separate rental units and all separate utilities except water, makes this a compelling investment to consider. Whether you are an experienced investor expanding your portfolio or looking for a multi-unit property with income potential, this Bound Brook property deserves your attention!!! It is conveniently located near shopping, schools, restaurants, major commuter routes, buses and train station. All appliances are in as is condition! Current tenants are month to month.
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Additional Information
- Interior Features
- Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector
- Exterior Features
- Curbs, Open Porch(es), Sidewalk
- Taxes
- $12,769
- Heating
- 3 Units, Baseboard - Electric, Forced Hot Air, Radiators - Steam
- Air Conditioning
- Central Air, Wall A/C Unit(s), Window A/C(s)
- Exterior Features
- CedarSid
- Roof
- Asphalt Shingle
- Parking
- Crushed Stone, Driveway-Exclusive, Parking Lot-Shared
- High School
- BOUNDBROOK
- Number Of Units
- 3
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Listing Courtesy Of KELLER WILLIAMS TOWNE SQUARE REAL, Contact: 908-766-0085
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