For Sale
$895,000

12-14 Prospect Ave Dunellen, NJ 08812

Nine-unit rooming house with storefront. High NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use property in Dunellen, New Jersey, presents a compelling investment opportunity. Located at 12-14 Prospect Ave, 08812, this two-story building boasts nine rental units, including eight rooms and two bathrooms within the rooming house, and a separate storefront retail space. The property generates a strong net operating income (NOI) of $59,610. The building is well-maintained and legally licensed as a rooming house. A convenient amenity for tenants is the coin-operated laundry machines located in the basement. Its prime downtown Dunellen location offers easy access to public transportation, shopping, and dining, ensuring high occupancy rates and consistent rental income. This property is ideal for investors seeking a stable, cash-flowing asset in a desirable location. The asking price is $895,000. This presents a rare chance to acquire a well-established, multi-tenant property with significant upside potential. The property's strong performance and strategic location make it an attractive investment for both seasoned investors and those new to the market.

Highlights

  • Exceptional mixed-use investment opportunity in Dunellen, NJ.
  • Nine-unit building at 12-14 Prospect Ave, 08812, includes eight-room rooming house with two baths and a retail storefront.
  • Strong NOI of $59,610.
  • Well-maintained, legally licensed rooming house with coin-op laundry.
  • Prime downtown location with high occupancy potential.
  • Asking price: $895,000.

Property Details for 12-14 Prospect Ave

Property type
Retail properties, Mixed-use properties
Stories
2
Units
9

Location Insight

City
Dunellen
County
Middlesex
State
New Jersey
Latitude
40.5904719
Longitude
-74.4643871

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FAQs

What type of property is this?
Retail property - Nine-unit rooming house with storefront. High NOI.
Where is the retail property located?
The property is located at 12-14 Prospect Ave Dunellen, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Dunellen, NJ.; Nine-unit building at 12-14 Prospect Ave, 08812, includes eight-room rooming house with two baths and a retail storefront.; Strong NOI of $59,610.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Karen Ettere
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Prospect Ave
Dunellen, NJ 08812

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Prospect Ave
Dunellen, NJ 08812

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

12-14 Prospect Ave
  • Karen Ettere
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