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73 Nichol Avenue, New Brunswick NJ 08901
New Brunswick, NJ 08901
Sq. Ft.
1,428Beds
5Baths
2.50Year Built
1920Garage
2Pool
No
Investor's dream in a prime New Brunswick location! Just seconds from Rutgers University's Douglass Campus, this spacious 5-bedroom Colonial offers an exceptional investment opportunity with a legal occupancy for seven tenants. The home features 5 bedrooms, 2.5 baths, beautiful hardwood floors, a detached 2-car garage, and a one-car driveway with room to stack two additional vehicles. Enjoy the large rear wooden deck, perfect for outdoor entertaining or relaxing. The fully finished, legal basement includes 2 bedrooms, a full bath, and a family room, providing additional versatile living space. The property is currently tenant-occupied and generates $4,400 per month in rental income. The lease is month-to-month and extends through March 31, 2027. Sale is subject to the existing tenancy. Buyer is responsible for obtaining the Certificate of Occupancy (CO). Conveniently located near Rutgers University, public transportation, restaurants, shopping, and major highways, this is an outstanding opportunity for investors seeking strong rental income in one of New Brunswick's most desirable rental markets.
Courtesy of C-21 BARROOD REALTORS
Property Details
Beds: 5
Baths: 2
Half Baths: 1
Total Number of Rooms: 9
Dining Room Features: Formal Dining Room
Kitchen Features: Eat-in Kitchen
Appliances: Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Range, Washer, Gas Water Heater
Has Fireplace: Yes
Number of Fireplaces: 1
Fireplace Features: Gas
Has Heating: Yes
Heating: Radiators-Steam
Cooling: Wall Unit(s), Window Unit(s)
Flooring: Carpet, Ceramic Tile, Parquet
Basement: Finished, Bath Full, Bedroom, Daylight, Exterior Entry, Recreation Room, Interior Entry, Utility Room, Laundry Facilities
Interior Details
Property Class: Single Family Residence
Architectural Style: Colonial
Building Sq Ft: 1,428
Year Built: 1920
Stories: 3
Levels: Three Or More
Is New Construction: No
Has Private Pool: No
Has Spa: No
Has View: No
Has Garage: Yes
Has Attached Garage: No
Garage Spaces: 2
Has Carport: No
Carport Spaces: 0
Covered Spaces: 2
Has Open Parking: Yes
Parking Features: 1 Car Width, Concrete, 2 Cars Deep, Garage, Detached, Garage Door Opener
Total Parking Spaces: 0
Exterior Details
Lot Size (Acres): 0.1090
Lot Area: 0.1090
Lot Dimensions: 95.00 x 50.00
Lot Size (Square Feet): 4,748
Exterior Features: Barbecue, Curbs, Deck, Sidewalk, Yard
Roof: Asphalt
Patio and Porch Features: Deck
On Waterfront: No
Property Attached: No
Utilities / Green Energy Details
Gas: Natural Gas
Sewer: Public Sewer
Water Source: Public
# of Electric Meters: 0
# of Gas Meters: 0
# of Water Meters: 0
Community and Neighborhood Details
HOA and Financial Details
Annual Taxes: $6,854.00
Has Association: No
Association Fee: $0.00
Association Fee 2: $0.00
Association Fee 2 Frequency: Monthly
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