Near Schools and Highways, Fenced back yard,
Close to Rutgers University, Close to Bridgewater Commerce Bank
Ball Park / Train Stop!
All 3 apartments have separate utilities.
Yearly income from rent $42,000.00
Year 2005/2006 Taxes approx. $7300
Property Price $429,900
This three-family six bedroom Colonial in Bound
Brook presents an excellent investment opportunity where you can live in
one unit while renting out the other two, or rent all three for maximum
income potential. Presently all three units are rented under a renewable
yearly lease (transferable) that brings in $42,000.00 per year! Out
front you'll find a lovely farmer's porch. The first unit comprises a
large living room, two bedrooms, redone kitchen with exit to the side
porch, full bathroom, and benefits from recently installed wall-to-wall
carpeting. The second floor unit offers two bedrooms, living room,
kitchen with the opportunity to refinish huge walk up attic, the attic
has ample room for adding a future apartment, full bathroom, and
features wall to wall carpeting in the living room and front bedroom.
The added on ranch addition you'll find ample living space with two
nicely-sized bedrooms, a large living room, full bathroom, and eat-in
kitchen with a side exit. Large walk up attic, separate from the main
house. The large backyard is great for entertaining and offers plenty of
room for the kids. A long black top driveway leads you to a 1.5 car
garage with overhead storage. This home is located close to shopping and
major roads.