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.
82 days
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44
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0
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
DONNA BRUNO,
EXP REALTY, LLC866-201-6210
Source: All Jersey MLS,MLS#: 2614438R
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Primary bedroom
Features: Full Bath
Bathroom
Features: Stall Shower
Kitchen
Features: Granite/Corian Countertops, Breakfast Bar, Kitchen Exhaust Fan, Kitchen Island, Eat-in Kitchen, Separate Dining Area
Basement
Area: 0
Heating
Forced Air
Cooling
Central Air, Ceiling Fan(s)
Appliances
Included: Self Cleaning Oven, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, See Remarks, Range, Washer, Kitchen Exhaust Fan, Gas Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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