163 Livingston Ave New Brunswick, NJ 08901
18-unit rooming house, fully rented, high income, easy to manage.
Property size:
4,752 SFProperty Features for 163 Livingston Ave
General Information
- Standard status
- Active
- Size
- 4,752 SF
Building Details
- Year built
- 1900
Source: RE/MAX COMPETITIVE EDGE
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Rented 18-Unit Rooming House
This 18-unit rooming house property presents a money-making opportunity. The property features 14 rooms, 4 efficiency units, and 6 bathrooms, along with a 3-car garage. All units are fully rented and in high demand, consistently generating high income and easy to manage. The gross income is $186,060, with a net income of $117,720, resulting in a cap rate of 7.59%. A new roof has been installed, and the electrical systems were updated in 2021. The property is conveniently located for commuters, with a bus stop across the street and a short 15-minute walk to the New Brunswick Train Station. The property size is 4752 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.449561
- Latitude
- 40.4883085
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 18-unit rooming house, fully rented, high income, easy to manage.
Where is this apartment building located?
The property is located at 163 Livingston Ave New Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - High Net Income: $117,720 annually.; - Fully Rented with Waitlist: High demand ensures consistent occupancy.; - Strong Cap Rate: 7.59% indicates a profitable investment.