75 Jersey Avenue New Brunswick, NJ 08901

Listing agency Marcus & Millichap - New Jersey c***@marcusmillichap.com Show Phone

Listed by Chez Eider · License #NJ 1863116

Source Crexi

Added: Apr 11 Updated: Jul 22 at 3:36PM Checked: Jul 22 at 3:36PM

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Investment Insights

Based on property information with market context.

The property at 75 Jersey Avenue is a multifamily apartment building consisting of six three-bedroom units. Two of the six apartments have been recently renovated with upgraded finishes in the kitchens and bathrooms.

According to the remarks, the renovations have achieved a 20% increase in rents for those units. New Brunswick is described as being under vacancy decontrol, allowing units to reset to market upon turnover and then reset to regulations.

This offering is presented as a turn-key investment opportunity in a strong rental market, supported by the recent renovations and the described rent reset dynamics upon unit turnover.

Key Highlights

• Six 3‑bedroom apartments multifamily property
• Two of the units have been recently renovated with upgraded kitchen and bathroom finishes
• Renovations have achieved a 20% increase in rents for the renovated units

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FAQs

What type of property is this?

Apartment building - Six three-bedroom apartments, with two recently renovated featuring upgraded kitchen and bathroom finishes.

Where is this apartment building located?

The property is located at 75 Jersey Avenue New Brunswick, NJ.

What are key features of this property?

This property features: Six 3‑bedroom apartments multifamily property; Two of the units have been recently renovated with upgraded kitchen and bathroom finishes; Renovations have achieved a 20% increase in rents for the renovated units