3 Family For Sale - 262 Prospect Avenue, Dunellen, NJ 08812

262 Prospect Avenue, Dunellen, 08812, NJ

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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.

MLS# 2706321R

EXP REALTY, LLC

Active For Sale Multifamily

$1,199,000

• 5571 sqft

3 Family

1935 Year built

10 days on market

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Property Features

Area

5571

Roof

Asphalt

Type

MLF

Acres

0.3719

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)

Heating

Zoned, Forced Air, Separate Control, Separate Furnaces

Lot Size

200.00 x 81.00

Stories

Year Built

1935

Lot Size Area

0.3719

Sub Type Text

3 Family

Garage Spaces

Lot Description

Level

Exterior Features

Patio, Porch(es) - Enclosed, Porch(es) - Open, Deck, Windows - Insulated Pane, Yard, Outbuilding(s), Private Entrance

Interior Features

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)