211 Somerset St

    Bound Brook Boro, NJ 08805
    • $699,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: 3585943
    $699,000
    • 11
      BEDS
    • 0.46
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    114K GROSS & 87K+ NET PROFIT with OVER 12.5% CAP RATE INVESTMENT PROPERTY! This is a RARE find. Fully Licensed & Operated Rooming House! Turn Key with lots of long term tenants!

    Monthly Payment Calculator



    © 2019 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-21T22:46:29.06.
    www.seeinsidethehouse.com/homes/98785221

    211 Somerset St Bound Brook Boro, NJ 08805

    • Price: $699,000
    • Status: Active
    • ID#: 3585943
    11
    Beds
    3
    Baths
    0
    ½ Baths
    0.46
    Acres
    1911
    Built
    County:
    Somerset
    Area:
    Bound Brook Boro
    Property Description
    114K GROSS & 87K+ NET PROFIT with OVER 12.5% CAP RATE INVESTMENT PROPERTY! This is a RARE find. Fully Licensed & Operated Rooming House! Turn Key with lots of long term tenants!
    Exterior Features

    Approximate Lot Size 76X264 Exterior Description See Remarks Number Of Parking Spaces 5 Parking Driveway Description 1 Car WidthGravel Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Bilco-Style Door Cooling Window A/C(S) Heating 1 UnitForced Hot Air Total Number Of Rooms 14 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description Bedrooms Unit1 Rooms 1 Unit1 Security Deposit 1650 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description Bedrooms Unit2 Rooms 1 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description Bedrooms Unit3 Rooms 1 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description Bedrooms Unit4 Rooms 1 Unit4 Sq Ft 1

    Property Features

    Assessment Total 378000 Building Assessment 235000 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 117600 Land Assessment 143000 Net Operating Income 87546 Sewer Public Sewer Tax Amount 12602 Tax Rate Amount 3.334 Tax Rate Year 2018 Tax Year 2018 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays Water Unit1 Rent 1100 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays Water Unit2 Rent 1100 Unit2 Security Deposit 1650 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays Water Unit3 Rent 950 Unit3 Security Deposit 1425 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays Water Unit4 Rent 950 Unit4 Security Deposit 1425 Utilities Gas-Natural Water Public Water Year Built Description Approximate Zoning Rooming House

    Listing information © 2019 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Golden Key Realty.


    © 2019 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-21T22:46:29.06.
     
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809