270 Suydam Street

Description

4 family, fully occupied, well maintained and priced to move fast! This cash-flowing 4-unit multifamily property is in the heart of New Brunswick, just minutes from Robert Wood Johnson University Hospital, Rutgers University , downtown dining, and all major commuter routes (NJ Turnpike, Routes 1, 18 & 27). Unit mix: (3) studio apartments + (1) spacious 2-bedroom apartment. Recent upgrades include brand-new or refinished flooring throughout and fresh paint in all units - truly move-in ready. Separate utilities - tenants pay their own electric and gas (owner only responsible for water/sewer and common-area expenses). Excellent current income with room to grow rents to market. Current Rents (3 leases expire April/May 2026 and one is month-to-month) Unit 1 (2-Bedroom): $1,850/mo Unit 2 (Studio): $1,100/mo Unit 3 (Studio): $750/mo Unit 4 (Studio): $1,000/mo Gross Monthly Income: $4,700 Gross Annual Income: $56,400 Low-maintenance exterior, separate meters and street parking for tenants. Ideal for the hands-off investor seeking stable cash flow in one of New Jersey's strongest rental markets, or for an owner-occupant who wants to live in one unit while the other three apartments cover most/all of the mortgage. Priced to sell and ready for immediate transfer - don't miss this rarely available, fully renovated, separately metered 4-family! They don't come up for sale often!! Best and final is due Thursday 12/11 before 9am.