165 Livingston Ave New Brunswick, NJ 08901

Property Details for 165 Livingston Ave

Property type

Apartment buildings

Description

This exceptional investment opportunity presents an 18-room apartment building located at 165 Livingston Avenue in New Brunswick, New Jersey, 08901. Priced at $1,650,000, this multifamily property offers significant potential for income generation and future appreciation. The building features ample living space, with individual rooms providing residents privacy, complemented by shared common areas for socializing. A substantial three-car garage provides ample parking and storage, exceeding the typical capacity for a property of this size. The property benefits from recent improvements, including a new roof and framing on the third floor completed in September 2021, ensuring long-term structural integrity and minimizing future maintenance costs. Its convenient location in New Brunswick offers easy access to local amenities and transportation networks, making it an attractive option for tenants. While the building could benefit from renovations to enhance its appeal and rental income, the existing structure provides a solid foundation for a savvy investor seeking to capitalize on the robust New Jersey rental market. This property represents a compelling opportunity for those looking to enter the multifamily market or expand their existing portfolio. The property's size and location within a thriving community promise strong rental demand and a potentially high return on investment. The existing infrastructure, coupled with the recent roof and framing upgrades, minimizes immediate capital expenditure needs, allowing for a more immediate return on investment.