🚀 New Brunswick, NJ | 2-Family Home | Fix & Flip or Buy & Hold 👇

New Brunswick, NJ, 08901 view full address
For Sale
Listed at: October 4th, 2024
Price
$360,000
ARV
$600,000
Gross Margin
$240,000
Sq. Footage
1424
Type
Multifamily
Parking
On street
Year build
1912
Lot size
0.06 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🚀 New Brunswick, NJ | 2-Family | Fix & Flip or Buy & Hold 👇

This 2-family home in New Brunswick, NJ offers a prime investment opportunity with the potential for a fix-and-flip or buy-and-hold strategy. The property is fully vacant making it perfect for investors looking to add value in a growing market. With 4 bedrooms, 2 bathrooms, and 1,424 sqft of living space, there’s significant potential to turn this into a highly profitable project. Located just a few blocks from Robert Wood Johnson Hospital, this property is ideally situated in a desirable area for long-term growth.

 

🏡 2 Family Highlights 🏡

4 bedrooms, 2 bathrooms

1,424 sqft of interior living space

Built in 1912

Fully vacant and ready for renovation

Separate utilities for each unit

On-street parking

Unused underground oil tank on the property

Roof requires complete replacement

First floor requires a full renovation

Basement may require a clean-up

Second floor is in decent condition and includes added laundry facilities

No Flood Zone

 

💰 Investment Potential 💰

This property presents a great fix-and-flip or buy-and-hold opportunity, with an estimated ARV of $550K. While the home requires significant repairs—including a complete roof replacement, flooring, and cosmetic updates—its location near Robert Wood Johnson Hospital makes it highly attractive to investors. With separate utilities and a strong rental market in the area, this property has long-term potential for rental income or resale profit.

 

✔️ Vacant Now ✔️

The property is fully vacant, providing immediate access for renovations and project commencement.

 

⛽️ Utilities & Systems ⛽️

Heating: Radiator (Natural Gas)

Cooling: Window AC units

Water: Public

Sewer: Public

 

ASKING: $360k

 

SOLD COMPS


226 Hamilton St, New Brunswick, NJ 08901- SOLD $671k

240 Hamilton St, New Brunswick, NJ 08901- SOLD $495k

38 Laurel Pl, New Brunswick, NJ 08901- SOLD $527k

26 Laurel Pl, New Brunswick, NJ 08901- SOLD $530k

12 Laurel Pl, New Brunswick, NJ 08901- SOLD $999,500

 

📱 CALL OR TEXT NICK WALSH AT 908-499-9128 IF YOU HAVE QUESTIONS OR WOULD LIKE TO KNOW HOW TO MOVE FORWARD ➡️ 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nicholas Walsh

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Disposition manager