Multi-Family + Garage Rentals – Big Income Potential

14% CAP RATE – MULTI-FAMILY + 6 GARAGES
2xx Joyce Kilmer Ave, New Brunswick, NJ 08901

ATTENTION CASH FLOW INVESTORS!
Here’s a high-yield, income-generating property on a double lot in New Brunswick. Currently configured as a rooming house with 7 rooms and 2 kitchens, plus six garages for added rental income.

💰Strong numbers with an annual gross rent of $82,680 and net rent of $64,877, delivering an impressive 14% cap rate.

Property Details:

• Multi-family + 6 garages on double lot
• 7 rooms / 2 kitchens
• Annual Gross Rent: $82,680
• Annual Operating Expenses: $17,803
• Taxes: $7,003/year
• Insurance: $4,000/year
• Electric/Gas: $4,800/year
• Maintenance: $2,000/year
• Net Rent: $64,877
• Cap Rate: 14%

📞☎️Call or text our team at: 215-395-6211