308 Columbus Place, New Brunswick, NJ, 08901
$799,000
0
Beds
6
Bathrooms
3,000
Building Sqft
0.13
Acres
5,502
Lot Sqft
About 308 Columbus Place
Best and final offers due before 9am Friday July 10th. Opportunities like this one do not come often! A nicely maintained 6 unit building, in a quiet area of New Brunswick is waiting to be added into your real estate portfolio. You always wanted more doors, a bigger building? Now is your chance! 6 studio apartments (all the same size) with several that have value add upside. All 6 units are leased, the total rent roll for the building is $76,140. The asking price cap rate is 6.33% with conservative underwriting. Owner pays for water, snow and lawn maintenance. Tremendous value add upside on this building! This is a great building to add into your real estate portfolio but it will not last!
Features of 308 Columbus Place
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