Sold

111 Delavan Street, New Brunswick, NJ 08901

Beds
5
Baths
3
Sqft
1,632
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byREALSOPHY REAL ESTATE LLC
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
5
Number of bathrooms
3
Square feet
1,632
Lot size (acres)
0.10
Year built
1910

Interior features

Basement
Yes

Garage and parking

Garage parking spaces
1

Utilities

Heating
Forced air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$7,414

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Jersey MLS MLS®#: 2661131M Last checked:

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