39 Stone Street

Excellent Income-Producing Property in located in the 6th Ward of New Brunswick--Located 1 block from College Ave--2 Family--Each floor has a 4 bedroom apt. Legal for 8, but occupied by 6 persons--Total gross monthly rent is $7,000 and it can be rented for more--Apt 1 rents for $3,500--Apt. 2 rents for $3,500--Roof is 7 yrs. old--Both water heaters are 6years old--2 separate heating systems (Hot water baseboard)--Brand new bathroom on each floor--Property encroaches approximately 3.5 feet on adjacent property (6 Sicard St.) and the encroachment is recorded on the deed; The owners of the adjacent property are in agreement with the encroachment and it's all spelled out in the deed agreement--The survey and deed agreement are attached--Extremely easy to rent because of its proximity to College Ave.--Already leased for 2024--If you've been looking to purchase in the 6th Ward, This is it!--Buyer is responsible for the CO and Fire Safety CO.--