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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$775,000

Est. payment - /mo

6 Beds

3 Baths

2,738 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,738 sqft

Price per Sqft $283

MLS Listing ID 4062053

Style 3-Three Story

Bedrooms 6

Full Baths 3

Year Built 1885

Annual Tax Amount $12,769

Tax Year 2026

Lot Size 9,147 Sqft

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.

Location

State NJ

County Somerset

Zoning OB

Rooms

Basement Bilco-Style Door, Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector

Heating Electric, Gas-Natural

Cooling Central Air, Wall A/C Unit(s), Window A/C(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature CedarSid

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Garage No

Building

Lot Description Corner, Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

High Schools Boundbrook

Others

Senior Community No

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Listed by KELLER WILLIAMS TOWNE SQUARE REAL

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NEARBY SCHOOL & BUSINESS

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Ataullah Barnes

+1(973) 277-2575

Broker License ID: 0454603

201 W Union Ave Bound Brook Boro, NJ 08805

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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NEARBY SCHOOL & BUSINESS

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201 W Union Ave