Residential Income in Dunellen

$1,199,000

262 Prospect, 08812, Dunellen, NJ

Residential Income for sale in Dunellen, 262 Prospect, 08812, 5571 m²

262 Prospect, 08812, Dunellen, NJ

$1,199,000

7Bath
5571m²
Type: Residential Income

Description

Rare 3 unit in Dunellen, completely rebuilt and expanded in 2018. Every unit has hardwood floors, an updated kitchen and bath, Andersen windows, its own laundry, and separate utilities. Unit 1 offers 2 bedrooms, 1 bath, and a sunny breakfast nook, all on one level. Unit 2 offers 3 bedrooms and 2 baths, plus finished third-floor space. Unit 3 is the standout: three levels with a 23' primary suite, 3+ bedrooms, 4 full baths, a fireplace, an enclosed porch, finished attic space, and an attached garage with a loft above. It lives like its own house. Live in one unit and let the other two help pay the mortgage, or hold all three as a turnkey investment. Current gross rents are $112, 800 a year, approx. 7% cap rate, and tenants pay all of their own utilities. Outside you'll find paver patios, a covered pergola, a deck, parking for 6, and a huge barn/garage with loft storage and workshop space. Natural gas, central air, public water and sewer. The back of the property is in a flood zone.

Agent Information

Gisel Lainez-Jimenez

Gisel Lainez-Jimenez

Location

262 Prospect, 08812, Dunellen, NJ

Data

Object TypeResidential Income
Purchase Price$1,199,000
Living Space5571 m²
Plot Size1505.03 m²
Bathrooms7
Construction Year1935
ConditionNot specified
Rooms17

Energy Information

Heating TypeZoned, Forced Air, Separate Control, Separate Furnaces
Primary Energy SourceN/A
Construction Year1935
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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