40 Baldwin Street New Brunswick, NJ 08901

Multi-Family (2-4 Units) MLS #: 2410942R Courtesy Of Gimme Shelter, LLC

$689,000

0.12 acres
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Est. Property Tax: $11,325
Estimated monthly payments: $3,956/mo.* (recalculate)

Property InformationDescription

Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!

Features

  • Age: Over 50 Years Old
  • Amenities: Porch, Basement
  • Appliances: Oven, Refrigerator
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Heating System: Hot Water, Radiator
  • Lot Size: 0.12 Acres
  • Roof Type: Asphalt
  • Rooms: Basement

MAP & DIRECTIONS

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40 Baldwin Street, New Brunswick, NJ 08901
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School Information

40 Baldwin Street, New Brunswick, NJ 08901

Elementary School
Grades KG-8 | Public School
PAUL ROBESON COMMUNITY SCHOOL FOR THE ARTS
New Brunswick, NJ 08901
199 Commercial Ave
732.­745.5300
Distance: 0.2 mi
School Rating
D-
Student:Teacher Ratio
12:1
Total Students
765
Middle School
Grades KG-8 | Public School
PAUL ROBESON COMMUNITY SCHOOL FOR THE ARTS
New Brunswick, NJ 08901
199 Commercial Ave
732.­745.5300
Distance: 0.2 mi
School Rating
D-
Student:Teacher Ratio
12:1
Total Students
765
High School
Grades 9-12 | Public School
NEW BRUNSWICK HIGH SCHOOL
New Brunswick, NJ 08901
1000 Somerset St
732.­745.5300
Distance: 2.1 mi
School Rating
F
Student:Teacher Ratio
15:1
Total Students
2390
Other Nearby Schools Distance Type Grades School Rating
Lord Stirling Community School 0.5 mi Public PK-5 D+
A.c. Redshaw Elemmentary School 0.5 mi Public PK-5 D
Livingston Elemmentary School 0.5 mi Public KG-5 F
Roosevelt Elemmentary School 0.6 mi Public KG-5 F
New Brunswick Adult High School 0.7 mi Public 9-12
Parsons 1.0 mi Public PK-4 C+
Lincoln Annex School 1.0 mi Public 4-8 B-
Greater Brunswick Charter School 1.1 mi Public KG-8 C-
Linwood School 1.3 mi Public 5-6 D
Lincoln Elemmentary School 1.4 mi Public KG-3 F
Bartle Elementary School 1.4 mi Public 2-5 D-
Mckinley Community School 1.5 mi Public KG-8 D
New Brunswick Middle School 1.5 mi Public 6-8 D
Childrens House Montessori School 1.6 mi Private PK-KG
Highland Park High School 1.6 mi Public 9-12 C+
Highland Park Middle School 1.6 mi Public 6-8 D
Irving Primary School 1.9 mi Public PK-1
Lawrence Brook Elementary School 1.9 mi Public PK-5 B
Woodrow Wilson Elementary School 1.9 mi Public PK-8 D
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

New Brunswick, NJ 08901

Median Age: 28
Married: 31%
Number of Households: 15,325
Households with Children: 38.3%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 Central Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.