Investment Property for Sale at 111 Delavan Street in New Brunswick, NJ for $625,000

111 Delavan Street | New Brunswick

$625,000 | 5 Beds | 3 Baths (3 Full) | 1,632 Sq. Ft.

Discover an investor's dream in the heart of New Brunswick! This 100%, fully occupied multi-family property features two spacious units. Unit 1 (First Floor) features 3 bedrooms and 2 baths plus a bonus room for flexible use. Unit 2 (Second Floor) features 2 bedrooms and 1 bath plus an optional bonus area. Some key highlights include (1) renovation in 2019 with new water heater and HVAC system, (2) separate meters and utilities for each unit, and (3) detached garage at the rear of the property. The current tenants have yearly leases that are available upon request. Cash Flow is impressive with cap rate of about 8%. Situated near the New Brunswick train station, bus stops, major roads, Robert Wood Johnson University Hospital, Rutgers University, and vibrant downtown New Brunswick with restaurants, shopping, and the State Theatre. This property offers strong rental income and unbeatable proximity to key amenities perfect for seasoned investors or those looking to start their portfolio. CJMLS 2661131M

MLS Listing ID: 
CJMLS 2661131M
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1910
Age: 
0
Living Area: 
1,632
Basement: 
Full, Bath Full, Other Room(s), Storage Space, Tenant Use, Utility Room
Interior: 
3 Bedrooms, 2 Bedrooms
Construction
Roof: 
Asphalt
Exterior Features: 
Yard
Room Details
Details about the rooms in the building.
Total Rooms: 
9
Total Bedrooms: 
5
Total Bathrooms: 
3
Total Full-Bathrooms: 
3
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
See Remarks
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Area): 
0.1
Lot Size (Dimensions): 
45X100
Public Record
Parcel Number: 
1300216000000020
Annual Tax: 
$7,414.00
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REALSOPHY REAL ESTATE LLC

Request More Information