111 Delavan ST, New Brunswick, NJ 08901 - MLS#2661131M

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Lynn Fitzgerald

lynn@lynnfitzgerald.com +1(732) 983-1018

$625,000

Est. payment - /mo

5 Beds

3 Baths

1,632 SqFt

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Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,632 sqft

Price per Sqft $382

MLS Listing ID 2661131M

Bedrooms 5

Full Baths 3

Year Built 1910

Annual Tax Amount $7,414

Tax Year 2025

Lot Size 4,499 Sqft

Acres 0.1033

Lot Dimensions 45X100

Property Sub-Type 2 Family

Source CJMLS API

Property Description

Discover an investor's dream in the heart of New Brunswick! This 100%, fully occupied multi-family property features two spacious units. Unit 1 (First Floor) features 3 bedrooms and 2 baths plus a bonus room for flexible use. Unit 2 (Second Floor) features 2 bedrooms and 1 bath plus an optional bonus area. Some key highlights include (1) renovation in 2019 with new water heater and HVAC system, (2) separate meters and utilities for each unit, and (3) detached garage at the rear of the property. The current tenants have yearly leases that are available upon request. Cash Flow is impressive with cap rate of about 8%. Situated near the New Brunswick train station, bus stops, major roads, Robert Wood Johnson University Hospital, Rutgers University, and vibrant downtown New Brunswick with restaurants, shopping, and the State Theatre. This property offers strong rental income and unbeatable proximity to key amenities perfect for seasoned investors or those looking to start their portfolio.

Location

State NJ

County Middlesex

Community Curbs, Sidewalks

Zoning R-5A

Rooms

Basement Full, Bath Full, Other Room(s), Storage Space, Tenant Use, Utility Room

Interior

Interior Features Unit 1(2+ Baths, 3 Bedrooms, Kitchen), Unit 2(1 Bath, 2 Bedrooms, Kitchen)

Heating Forced Air

Cooling See Remarks

Appliance Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Range/Oven)

Heat Source Natural Gas

Exterior

Exterior Feature Curbs, Sidewalk, Yard

Garage Spaces 1.0

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt

Building

Lot Description Near Public Transit, Near Shopping, Near Train, See Remarks

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 1300216000000020

Ownership Fee Simple

Energy Description Natural Gas

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Listed by REALSOPHY REAL ESTATE LLC

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Lynn Fitzgerald

+1(732) 983-1018

Team Lead | Realtor® | License ID: 0123770

Team Lead | Realtor® License ID: 0123770

111 Delavan ST New Brunswick, NJ 08901

Lynn Fitzgerald

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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