Address
226 Hamilton Street, New Brunswick, NJ
Price
$ 679,000
Property Attributes
  • MLS#2410398R
  • TypeContingent
  • CountyMIDDLESEX
  • CityNew Brunswick
  • Zip08901
  • Style2 Family
  • Year Built1912
  • Taxes$ 8430
  • Price$ 679,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1600
  • Lot Size0.0574 Acres
Data Source:
Central Jersey MLS (CJMLS)
Property Description

Opportunity is not knocking, it's about to run through your door! Here is your chance to buy a turnkey, vacant, 2 family house blocks from Robert Wood Johnson Hospital, the train station, the HELIX and Rutgers University! This house was fully gutted inside! Potential rental income is easily $5000-$5500 per month at this house and it will be delivered vacant. Gutted to the studs 12 years ago with a full attention to detail with the work that was done. Sheetrock throughout with new electric, plumbing, windows, roof, central air and more! Each apartment has its own front porch. The first floor is 2 bedrooms legal for 3 with beautiful hardwood floors a huge kitchen space with cute breakfast corner and large cabinets. The second floor has the exact same layout but includes one extra bedroom to make 3 bedrooms total legal for 4. However, the upside value is there is a continuous space from the second floor to the attic where it is already framed out and finished to build a bonus room (possibly a bedroom!) Each apartment has a 100 amp panel and there is an owner meter as well for common areas and the outside. House is wired for common area security cameras. There is already one parking space in the rear behind the garage and then you have a parking space in the garage - or perhaps knock it down to make more parking. The basement has laundry facilities and the mechanicals. Oil tank currently in the street. Owner will remove before closing. You can convert to using the heat pumps already installed or just add boilers for the steam radiators still in the apartments, up to you! I have listed a lot in New Brunswick...this is one of the nicest I have ever seen, extremely attention to detail in this home upgrade. Do not miss this opportunity. Buy the property, place tenants and start counting your money!

Price History
4/10/2024 Listed $679,000

General Features

Interior Features Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)
Sewer Public Sewer
Heating Radiators-Steam,Electric,Heat Pump
Cooling A/C Central - All,Unit 1(A/C Central),Unit 2(A/C Central)
Utilities Gas In Street
Roof Asphalt,Flat
Appliances Water Heater(Oil),Water Heater,Unit 1(Range/Oven,Refrigerator),Unit 2(Range/Oven,Refrigerator)
Zoning R-5A
Garage Spaces 1
Gas Y/N Natural Gas,Oil
Year Built 1912
Electric 300 Amp(s)
Stories 2
Property SubType 2 Family
Tax Year 2022
Percent Ownership Fee Simple
OwnerPays Unit 1 Owner Pays(See Remarks),Unit 2 Owner Pays(See Remarks)
County Middlesex
Property Type Residential Income
Attached Garage No
Garage Y/N Yes
Total Rooms 10
Status Under Contract
ModificationTimestamp 2024-04-25T19:21:14.000Z
City New Brunswick
Lot Size Square Feet 2500
Carport Y/N No
Street Name Hamilton
Tax Annual Amount 8430
Days on Market 15
Standard Status Active Under Contract

Interior Features

Basement Full,Storage Space,Laundry Facilities
Total Stories 2
Heating Y/N Yes
Street Suffix Street
Living Area Units Square Feet

Exterior Features

Parking Features Garage,Detached,1-2 Car Parking
Lot Features Near Shopping,Near Train,Corner Lot
Water Source Public
Lot Size Area 0.0574
Building Area Total 1600
Lot Dimensions 100.00 x 25.00
Lot Size Acres 0.0574
Covered Spaces 1
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 08901

Price
AVG $450K
$680K
Taxes
AVG $6,725
$8,430
Visits
AVG 254
163
Data Provided by Inside Real Estate®
Year Built
AVG 1933
1912