226 Hamilton Street

Description

Opportunity is not knocking, it's about to run through your door! Here is your chance to buy a turnkey, vacant, 2 family house blocks from Robert Wood Johnson Hospital, the train station, the HELIX and Rutgers University! This house was fully gutted inside! Potential rental income is easily $5000-$5500 per month at this house and it will be delivered vacant. Gutted to the studs 12 years ago with a full attention to detail with the work that was done. Sheetrock throughout with new electric, plumbing, windows, roof, central air and more! Each apartment has its own front porch. The first floor is 2 bedrooms legal for 3 with beautiful hardwood floors a huge kitchen space with cute breakfast corner and large cabinets. The second floor has the exact same layout but includes one extra bedroom to make 3 bedrooms total legal for 4. However, the upside value is there is a continuous space from the second floor to the attic where it is already framed out and finished to build a bonus room (possibly a bedroom!) Each apartment has a 100 amp panel and there is an owner meter as well for common areas and the outside. House is wired for common area security cameras. There is already one parking space in the rear behind the garage and then you have a parking space in the garage - or perhaps knock it down to make more parking. The basement has laundry facilities and the mechanicals. Oil tank currently in the street. Owner will remove before closing. You can convert to using the heat pumps already installed or just add boilers for the steam radiators still in the apartments, up to you! I have listed a lot in New Brunswick...this is one of the nicest I have ever seen, extremely attention to detail in this home upgrade. Do not miss this opportunity. Buy the property, place tenants and start counting your money!