20-40 Joyce Kilmer Ave New Brunswick, NJ 08901
- Land
Current Use by Public Records
- Land
Property Details for 20-40 Joyce Kilmer Ave
- Year built
- 1958
- Property type
- Land
Description
This exceptional commercial land investment opportunity in New Brunswick, New Jersey, presents a rare chance to acquire a thriving six-unit property at $1,300,000. Located at 20-40 Joyce Kilmer Avenue, this 3-story, 1958-built building offers a mix of uses, including five residential units and a street-level storefront, providing a diverse income stream. The property boasts convenient on-site parking with a driveway and garages, a significant advantage in this desirable location. The address is within Middlesex County, New Jersey, zip code 08901, and sits at latitude 40.4919936 and longitude -74.4482107. This prime location in the heart of New Brunswick offers excellent potential for future growth and appreciation. The property is classified as commercial land and presents a strong investment opportunity for those seeking a stable and income-producing asset. While the cap rate is currently listed as 0%, the existing rental income from the six units and storefront provides a solid foundation for potential future returns. This is a turnkey opportunity to own a well-established property in a vibrant and growing urban center. The property's existing infrastructure and established tenant base make it an attractive investment for both seasoned and new investors. Don't miss this chance to secure a valuable piece of New Brunswick real estate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4482
- Latitude
- 40.492
