BEDS6
BATHS3 full
MLS#4062053
STATUS
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bilco-Style Door, Full, Unfinished
Cooling: Central Air, Wall A/C Unit(s), Window A/C(s)
Fuel Type: Electric, Gas-Natural
Heating: 3 Units, Baseboard - Electric, Forced Hot Air, Rad
Lot Size: 0.21 Acres
Roof Type: Asphalt Shingle
Taxes: $12,769
Year Built: 1885
Amenities
Carbon Monoxide Detector
Carpeting
Fire Extinguisher
Smoke Detector
Curbs
Open Porch(es)
Sidewalk
Feature Descriptions
Days on Site: 9
Driveway: Crushed Stone, Driveway-Exclusive, Parking Lot-Shared
Exterior: CedarSid
Lot: Corner, Level Lot
Lot Dimensions: 0.21 acre(s)
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Local Schools
High School: BOUNDBROOK
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS TOWNE SQUARE REAL
Agency Contact: 908-766-0085
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,014.94 per month $1,724.81 Principal & Interest $1,064.08 Property Tax $226.04 Homeowner's InsuranceChange Payment Information
201 W Union Ave | MLS# 4062053
This multi-family property located at 201 W Union Ave, Bound Brook, NJ 08805 is currently listed for sale with an asking price of $775,000. Search Bound Brook real estate on www.realtymarkllc.com today.