Welcome to this income producing 2-family home on a corner lot in the heart of Bound Brook. Currently $58,800 in Gross Income with Leases in Place! Walk up to a well manicured front landscape and into the downstairs unit with a very large 1 one bedroom unit with newer carpet and laminate flooring, sun porch, washer/dryer(new) in unit, access to the basement, and renovated bathroom. Tenant is currently paying $2,350 per month with a lease ending on 6/30/2025. Upstairs apartment has 2 bedrooms and 1 full renovated bathroom with newer carpet and bamboo flooring. There is also a washer/dryer in unit. Tenant is paying $2,550 per month with a lease ending on 6/30/2025. New Roof, Siding, Soffits, Gutter, Insulation, & Stairs & Windows in Basement all done in 2020. Hot Water Heater replaced in 2023. Boiler replaced in 2015. There is also tons of storage throughout. Solar panels are leased and approximately $161/month. Gas/Electric are separately metered. There is a 4-car driveway so each tenant has 2 parking spots. No Flood Zone. Home is in close proximity to train station, shoppings, restaurants, & schools. Great Investment Opportunity!
$649,900
Currently in Office Business zone. 2700 total sq ft. Ample parking. 2nd floor tenant pays to rent garage. Buyer to do due diligence for possible conversion of first floor office to residential living space.
MICHAEL SANTINI COLDWELL BANKER REALTY
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $615,000 | None Listed On Document | |
| Deed | $360,000 | Fidelity National Title | |
| Deed | $360,000 | United Title Agency Llc | |
| Deed | $290,000 | Fidelity National Title Insu | |
| Deed | $338,000 | -- | |
| Deed | $138,900 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $461,250 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $356,000 | New Conventional | |
| Previous Owner | $353,479 | FHA | |
| Previous Owner | $353,479 | FHA | |
| Previous Owner | $284,747 | FHA | |
| Previous Owner | $307,000 | New Conventional | |
| Previous Owner | $322,000 | Unknown | |
| Previous Owner | $321,000 | No Value Available | |
| Previous Owner | $138,125 | FHA |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2024 09/09/24 | Sold | $615,000 | +2.5% | $340 / Sq Ft |
| 07/18/2024 07/18/24 | Pending | -- | -- | -- |
| 06/20/2024 06/20/24 | For Sale | $599,900 | +66.6% | $331 / Sq Ft |
| 07/01/2020 07/01/20 | Sold | $360,000 | +2.9% | -- |
| 05/21/2020 05/21/20 | Pending | -- | -- | -- |
| 05/07/2020 05/07/20 | For Sale | $349,999 | +20.7% | -- |
| 10/21/2016 10/21/16 | Sold | $290,000 | -6.1% | -- |
| 07/22/2016 07/22/16 | Pending | -- | -- | -- |
| 07/21/2016 07/21/16 | For Sale | $309,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,043 | $486,700 | $206,000 | $280,700 |
| 2023 | $10,613 | $450,100 | $176,000 | $274,100 |
| 2022 | $10,370 | $416,800 | $156,000 | $260,800 |
| 2021 | $9,724 | $344,200 | $116,000 | $228,200 |
| 2020 | $9,431 | $305,500 | $96,000 | $209,500 |
| 2019 | $9,724 | $300,400 | $76,000 | $224,400 |
| 2018 | $9,025 | $270,700 | $76,000 | $194,700 |
| 2017 | $9,114 | $267,200 | $76,000 | $191,200 |
| 2016 | $8,042 | $237,500 | $56,000 | $181,500 |
| 2015 | $8,662 | $261,600 | $61,000 | $200,600 |
| 2014 | $8,282 | $241,600 | $41,000 | $200,600 |
Seller's Agent in 2024
Salvatore Bua
Smires & Associates
(609) 439-8699
1 in this area
182 Total Sales
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
G
Seller's Agent in 2020
Geraldine Giles
COLDWELL BANKER REALTY
(908) 246-0119
106 Total Sales
Seller's Agent in 2016
Shirlee Colanduoni
KELLER WILLIAMS TOWNE SQUARE REAL
(732) 979-8825
2 in this area
93 Total Sales
P
Buyer's Agent in 2016
PHILLIPMICHAEL MORRISON
PROMINENT PROPERTIES SIR
Source: Bright MLS
MLS Number: NJSO2003406
APN: 04-00049-0000-00005
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