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732-754-2541
eXp Realty
262 Prospect Avenue, Dunellen NJ 08812, 1203 - Dunellen, NJ 08812
- $1,199,000
- 7
- BA
- 5,571
- SqFt
- List Price
- $1,199,000
- Days on Market
- 6
- Status
- ACTIVE
- MLS#
- 2706321R
- Bathrooms
- 7
- Living Area
- 5,571
- Lot Size (Acres)
- 0.3719
- Year Built
- 1935
Property Description
Rare 3 unit in Dunellen, completely rebuilt and expanded in 2018. Every unit has hardwood floors, an updated kitchen and bath, Andersen windows, its own laundry, and separate utilities. Unit 1 offers 2 bedrooms, 1 bath, and a sunny breakfast nook, all on one level. Unit 2 offers 3 bedrooms and 2 baths, plus finished third-floor space. Unit 3 is the standout: three levels with a 23' primary suite, 3+ bedrooms, 4 full baths, a fireplace, an enclosed porch, finished attic space, and an attached garage with a loft above. It lives like its own house. Live in one unit and let the other two help pay the mortgage, or hold all three as a turnkey investment. Current gross rents are $112,800 a year, approx. 7% cap rate, and tenants pay all of their own utilities. Outside you'll find paver patios, a covered pergola, a deck, parking for 6, and a huge barn/garage with loft storage and workshop space. Natural gas, central air, public water and sewer. The back of the property is in a flood zone.
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Additional Information
- Area
- 1203 - Dunellen
- Basement Desc
- Partial, Storage Space, Interior Entry
- Utilities
- Electricity Connected, Natural Gas Connected
- Taxes
- $16,891
- Exterior
- Patio, Porch(es) - Enclosed, Porch(es) - Open, Deck, Windows - Insulated Pane, Yard, Outbuilding(s), Private Entrance
- Lot Size
- 16,200
- Parking Driveway
- Garage, Attached, Detached, Garage Door Opener, 4(+)Car Parking
- Lot Description
- Level
- Water
- Public
- Basement
- Yes
- Levels
- 3
- Heat Fuel
- Zoned, Forced Air, Separate Control, Separate Furnaces
- Cooling
- A/C Central - All,A/C Multi-Zone,Attic Fan,Separate Control, Unit 1(A/C Central), Unit 2(A/C Central), Unit 3(A/C Central)
- Water Sewer
- Public Sewer
- Interior
- Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room), Unit 3(3 Bedrooms,Kitchen,Living Room,2+ Baths)
- Garage Capacity
- 2
- Rooms
- 17
- Roof
- Asphalt
- Stories
- 3
- Show Address
- Yes
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