Seller's Agent in 2024
Christian Kavanaugh
KELLER WILLIAMS REALTY
(908) 303-3456
1 in this area
194 Total Sales
40 Baldwin St New Brunswick, NJ 08901
Estimated Value: $683,000 - $763,000
--
Bed
--
Bath
--
Sq Ft
5,009
Sq Ft Lot
Highlights
- Property is near public transit
- Porch
- Private Entrance
- Corner Lot
- Air Conditioning
- Utility Room
About This Home
As of May 2024Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,325
Year Built
- Built in 1920
Lot Details
- 5,009 Sq Ft Lot
- Private Entrance
- Fenced
- Corner Lot
- Level Lot
Home Design
- Asphalt Roof
Interior Spaces
- 3-Story Property
- Blinds
- Utility Room
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
- Laundry in Basement
- Basement Storage
Utilities
- Air Conditioning
- Window Unit Cooling System
- Radiator
- Gas Water Heater
Additional Features
- Porch
- Property is near public transit
Listing and Financial Details
- The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks), unit 3 owner pays(see remarks)
Community Details
Amenities
- Community Storage Space
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2024
Closed on
May 20, 2024
Sold by
40 Baldwin Llc
Bought by
Kamcary International Llc and Leo-Vivian Llc
Seller's Agent
Christian Kavanaugh
KELLER WILLIAMS REALTY
List Price
$689,000
Sold Price
$700,000
Premium/Discount to List
$11,000
1.6%
Views
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,547
Avg. Annual Appreciation
4.58%
Purchase Details
Closed on
Dec 18, 2003
Sold by
Saglimbeni Michael
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kamcary International Llc | $700,000 | Surety Title | |
| -- | $425,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $700,000 | +1.6% | -- |
| 04/23/2024 04/23/24 | For Sale | $689,000 | -- | -- |
Source: All Jersey MLS
Tax History Compared to Growth
Tax History
| 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 | $11,571 | $455,000 | $162,500 | $292,500 |
| 2023 | $11,571 | $455,000 | $162,500 | $292,500 |
| 2022 | $11,325 | $455,000 | $162,500 | $292,500 |
| 2021 | $8,402 | $455,000 | $162,500 | $292,500 |
| 2020 | $11,239 | $455,000 | $162,500 | $292,500 |
| 2019 | $11,025 | $455,000 | $162,500 | $292,500 |
| 2018 | $10,774 | $455,000 | $162,500 | $292,500 |
| 2017 | $10,347 | $455,000 | $162,500 | $292,500 |
| 2016 | $9,174 | $156,400 | $33,800 | $122,600 |
| 2015 | $8,955 | $156,400 | $33,800 | $122,600 |
| 2014 | $8,796 | $156,400 | $33,800 | $122,600 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: All Jersey MLS
MLS Number: 2410942R
APN: 13-00194-0000-00025
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