Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Aluminum Siding

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    2-Two Story

Price

  • Sales Price

    $565,000

  • Tax Amount

    9465.0

  • Sq. Footage

    2, 000

  • Price/SqFt

    $282

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

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Location

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Somerset

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You now have an unbelievable chance to become the owner of this two-unit multi-family property. Large bedrooms, huge living rooms, gleaming hardwood floors and an oversized lot are just a few of the highlights. There is potential for up to $52,000 in yearly rental income. That is not even considering the FOUR personal parking spaces that can be rented out individually. Situated in a prime location, it is minutes from major highways like I-287 & Route 22.This property is located 20 minutes from Rutgers New Brunswick and Robert Woods Johnson Hospital. While also being within 50 minutes from NYC. This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

240 Cedar St

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