Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!
Sold
$700,000
40 Baldwin St, New Brunswick, NJ 08901
7beds
3baths
--sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: May 28, 2024 at 06:30am
Listed by:
Christian Kavanaugh,
KELLER WILLIAMS REALTY 908-233-8502
Source: All Jersey MLS,MLS#: 2410942R

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Radiators-Hot Water
Cooling
- A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)
Features
- Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Windows: Blinds
- Basement: Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities
Interior area
- Total structure area: 0
Property
Parking
- Parking features: 4(+)Car Parking
Features
- Stories: 3
- Patio & porch: Porch(es) - Open, Porch
- Exterior features: Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common
- Fencing: Fencing/Wall
Lot
- Size: 5,009 sqft
- Features: Near Train, Corner Lot, Level
Details
- Parcel number: 1300194000000025
- Zoning: R-5A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1920
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, Sidewalks
Location
- Region: New Brunswick
Other
Other facts
- Ownership: Fee Simple
Services availability

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