$729,90038 Division StreetNew Brunswick, NJ, 08901

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REAL PROPERTY MANAGMT ALL-STAR

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Primary Features

  • Lot Size Square Feet: 2875 sqft.
  • Rooms: 15
  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1907

Other Features

  • Flooring: n/a
  • Foundation Details: n/a
  • Heating: Zoned, Radiators-Hot Water
  • Parking Features: On Street
  • Roof: Asphalt
  • Utilities: Electricity Connected, Natural Gas Connected
  • Electric: n/a

Location

  • Street Address: 38 Division Street
  • City: New Brunswick
  • State: NJ
  • Postal Code: 08901
  • Zoning: 5TH

Pricing & Sale Info

  • List Price: $729,900
  • Tax Annual Amount: $10,774
  • MLS#: 2216331R
  • Last Change Timestamp: Aug 31, 2022
  • Source MLS: Central Jersey MLS

About This Property

Don't miss this cash COW and RARE opportunity, in the much desired Rutgers students rental area! All three units always rented & easily rented. Units 2 & 3 are in very good shape: have new kitchen cabinets & some flooring, and are recently painted throughout (rent is somewhat below market rent). Unit 1's tenant has been residing there for 9+ year and the rent is well below market rent. Unit 1 could use updated (if updated, talk with New Brunswick rent control so they can explain the equation they use to increase the rent above the maximum allowed by rent control). Property being sold "as-is" condition (no know issues exist) and occupancy (rents are all current).