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163 Livingston Ave New Brunswick, NJ 08901

For Sale
$1,550,000

18 units, fully rented, high income, easy to manage.

Property size:
4,752 SF

Property Features for 163 Livingston Ave

General Information

Standard status
Active
Size
4,752 SF

Building Details

Year built
1900

Source: RE/MAX COMPETITIVE EDGE Agent NADEEM QAVI

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Rented 18-Unit Rooming House

This is an 18-unit rooming house property featuring 14 rooms, 4 efficiency units, and 6 bathrooms, along with a 3-car garage. The property is fully rented and experiences high demand, maintaining a consistent income. 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 located near a bus stop and is a 15-minute walk to the New Brunswick Train Station, making it suitable for commuters. The building size is 4,752 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New Brunswick
County
Middlesex
State
New Jersey
Longitude
-74.449561
Latitude
40.4883085

FAQs

What type of property is this?
Apartment building - 18 units, 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: Enjoy $117,720 annually.; - Fully Rented with Waitlist: Strong demand ensures consistent occupancy.; - High Cap Rate: Benefit from a 7.59% return on investment.
More about this property
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