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40 Baldwin Street, New Brunswick, NJ 08901
$689,000
40 Baldwin Street, New Brunswick, NJ 08901View this property at 40 Baldwin Street, New Brunswick, NJ 08901
40 Baldwin StreetNew BrunswickNJ08901
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Property Description
Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!
Full Property Details
Full Property Details for 40 Baldwin St
General
- Price: $689,000
- Taxes: $11,325 (2022)
- Status: Under Contract
- Type: Triplex
- MLS ID: 2410942R
- Updated: 5/4/2024
- Added to Site: 26 day(s) ago
Interior
- Interior Features: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)
Exterior
- Exterior Features: Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common
- Deck/Patio: Porch(es) - Open, Porch
Parking
- Parking Features: 4 or More Car Parking
- Parking: 4(+)Car Parking
Location
- County: Middlesex
Community
- Gated: Curbs, Sidewalks
Heating & Cooling
- Cooling Type: A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
- Heating Type: Hot-Water Radiators
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Basement Desc.: Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities
- Roof: Asphalt
- Windows: Blinds
- Stories/Levels: 3
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.115
- Lot Size (Sq. Ft.): 5,009
- Lot Dimensions: 0.00 x 0.00
- Lot Features: Near Train, Corner Lot, Level
- Zoning: R-5A
- Lot Description: Near Train, Corner Lot, Level
- Fencing (Description): Fencing/Wall
Financial Considerations
- Tax Amount: $11,325
- Tax Year: 2022
Disclosures and Reports
- Property ID: 1300194000000025
Listed by Keller Williams Realty
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Schools
Schools serving 40 Baldwin St
School District:New Brunswick Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1000 Somerset St, New Brunswick, NJ 08901 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Baldwin St
Date
Details
Price
Change
Source
4/23/2024
Listed
$689,000
62.12%
MLS
12/18/2003
Sold
$425,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40 Baldwin St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,325
—
$455,000
—
2021
$11,279
34%
$455,000
—
2021
$8,402
-24%
$455,000
—
2019
$11,025
2%
$455,000
—
2018
$10,774
4%
$455,000
—
2017
$10,347
13%
$455,000
191%
2016
$9,174
2%
$156,400
—
2015
$8,955
3%
$156,400
—
2013
$8,726
—
$156,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 Baldwin St
40 Baldwin Street, New Brunswick, NJ 08901 (MLS# 2410942R) is a Triplex property with 0 bedrooms and 0 full bathrooms. 40 Baldwin Street is currently listed for $689,000 and was received on April 23, 2024. Want to learn more about 40 Baldwin Street? Do you have questions about finding other Triplex real estate for sale in New Brunswick? You can browse all New Brunswick real estate or contact a Coldwell Banker agent to request more information.