Description
Mint condition home with approved occupancy for 8 plus1!Currently rented to Rutgers students, making this the perfect investment opportunity! Rutgers recently moved their med school to this location, along with Rutgers college and RWJ there is a demand for housing. One tenant is part owner,propery offers an approximate cap rate of 7-8% when fully rented.Rents are not at market currently.Home was totally remodeled by previous owner with all permits on file along with certificate of approval for occupancy. Home also features fenced backyard and full basement.Home will be vacant on 5/31.Current yearly leases expire. Monthly rent roll is $4,850 and that is with 4 occupants.
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4BEDS
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0.06ACRES
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3BATHS
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11/2 BATHS
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1,748SQFT
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$378$/SQFT
School Ratings & Info
Description
Mint condition home with approved occupancy for 8 plus1!Currently rented to Rutgers students, making this the perfect investment opportunity! Rutgers recently moved their med school to this location, along with Rutgers college and RWJ there is a demand for housing. One tenant is part owner,propery offers an approximate cap rate of 7-8% when fully rented.Rents are not at market currently.Home was totally remodeled by previous owner with all permits on file along with certificate of approval for occupancy. Home also features fenced backyard and full basement.Home will be vacant on 5/31.Current yearly leases expire. Monthly rent roll is $4,850 and that is with 4 occupants.
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