1101 Brooks Blvd, Manville Boro, NJ 08835

$950,000
8
BD
4
BA

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List Price
$950,000
Days on Market
5
Status
ACTIVE
MLS#
4043022
Bedrooms
8
Bathrooms
4
Full Baths
4
Lot Size (Acres)
0.2
Year Built
1959
County
Somerset

Property Description

Are you an investor looking for immediate cash flow and ongoing appreciation? This fully-rented four-plex in the high-and-dry North Side of Manville brings safe long-term returns. Units are well-maintained, rent readily through word-of-mouth, and are in a quiet safe residential area. First floor is kitchen, living area, dining area, and utility room. Second floor has two bedrooms and one full bath. Each unit offers a private brick patio, and dedicated off-street parking. Ten year-old roof, mostly new HVAC and water heaters; tenants supply own washer, dryer, and refrigerator. Separate meters for gas and electric; landlord pays sewer and water. Current monthly rents are well below Fair Market Value (which the Manville Housing Office calculates as $2375 for a two bed/one bath apartment). Six-month lease extensions for current long-term tenants expire between January 31-March 31, 2027.

Additional Information

Subdivision
North Side
Interior Features
Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors
Elementary School
ROOSEVELT
Middle School
ALEXANDER
High School
MANVILLE
Exterior Features
Patio, Privacy Fence, Storage Shed, Wood Fence
Heating
Forced Hot Air
Cooling
Central Air, See Remarks
Roof
Asphalt Shingle
Utilities
Electric, Gas-Natural
Water
Public Water
Sewer
Public Sewer

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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 908-642-6801