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Sold for $560,000 on 03/01/24
  • $560,000

    295 Milltown Rd, East Brunswick, NJ 08816

    3beds
    2,016sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $653,400 Zestimate®
    $278/sqft
    $3,682 Estimated rent

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    $3,786/mo

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    What's special

    RARE Multi-Family Mixed Use Property in East Brunswick! (UNIT 1 ~1,650sqft) is a spacious 3 bedroom 2 full bath residential unit. This unit is currently rented to section 8- guaranteed rent! Opportunity to easily convert this 3 bedroom unit into a 4 bedroom unit (there is a second living room on the 2nd level that can easily be converted into a 4th bedroom). Great way to increase rent! (UNIT 2 ~1,205sqft) is a Commercial Unit that is currently rented to a painting company and has a 1/2 bath. There is also a separate office space with a separate entrance and features 1 full bath, 1 office and 1 foyer/lobby space that is currently not rented. Commercial SIGN in the front yard great for advertising your business- heavy traffic area. Rents currently under market value- great opportunity for upside. There are many options with this property- renovate it and appreciate your equity or simply rent the property for instant cash flow. 10 car parking lot.

    Zillow last checked: 7 hours ago

    Listing updated: March 02, 2024 at 10:09am

    Listed by:

    Andrew Marrone,

    RE/MAX FIRST REALTY, INC. 732-257-3500

    Source: All Jersey MLS,MLS#: 2352558MMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • A/C Central - Some, A/C Wall Unit(s), Unit 1(A/C Central)
    Appliances
    • Included: Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer)
    Features
    • Unit 1(2+ Baths, 3 Bedrooms, Den/Family Room, Kitchen, Living Room)
    • Basement: Full, Finished, Bath Full, Bath Half, Daylight, Divided Use, Tenant Use
    Interior area
    • Total structure area: 2,016
    • Total interior livable area: 2,016 sqft

    Property

    Parking
    • Parking features: 4(+)Car Parking, See Remarks
    Features
    • Stories: 2
    • Exterior features: Curbs, Door(s)-Storm/Screen, Fencing/Wall
    • Fencing: Fencing/Wall
    Lot
    • Size: 0.37 Acres
    • Dimensions: 100X162
    • Features: Easements/Right of Way
    Details
    • Parcel number: 04003171300034

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1950

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: East Brunswick

    Other

    Other facts
    • Ownership: Fee Simple
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    Estimated market value
    $653,400