32 Suydam Street
Property Description
Prime Rutgers Location! Exceptional opportunity to own a well-maintained two-family home located just seconds from Rutgers University's Douglass and Cook campuses. This spacious property offers an excellent investment opportunity with two separate apartments, separate utilities, and strong rental potential. The first-floor apartment features 4 bedrooms, a living room, kitchen, and full bath, with legal occupancy for 5 persons. It is currently rented for $2,465 per month, as per rent control. The second-floor apartment offers 4 bedrooms, a living room, kitchen, 2 full baths, and a private balcony, and is currently rented for $2,720 per month, as per rent control. The property features separate electric and gas meters and two separate steam radiator heating systems, with one furnace approximately one year old. There is one shared water heater, approximately three years old. The full, expansive basement provides an abundance of additional space and includes two separate storage rooms, plus a bathroom with a sink and shower. A brand-new washer and dryer are also located in the basement. The home also features a full, enormous unfinished attic, offering tremendous storage space and potential for future use, subject to applicable approvals. A slate roof adds durability and classic character to the property. Additional features include a one-car attached garage and convenient proximity to Rutgers University, making this an ideal location for rental housing or an income-producing investment. Please note: the refrigerator in the first-floor apartment belongs to the tenants. A rare opportunity to own a large two-family property in one of New Brunswick's most desirable locations, just moments from Rutgers' Douglass and Cook campuses. Note: Buyer is responsible for The CCO & Smoke Certs From the City of New Brunswick. This sale is subject to existing tenancies!!
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $775,000 |
| Year Built: | 1920 |
| Lot Size: | 2,310.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 3 |
ID: 3yd-MCMLSNJ-2703264R
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