12 Prospect AveDunellen, NJ 08812

Property Details for 12 Prospect Ave

Year built

1913

Property size (Sq ft)

2,408 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained, legally licensed rooming house situated in the heart of Dunellen, New Jersey. The property, located at 12 PROSPECT AVE Unit 12-14, encompasses a substantial 2,408 square feet and features eight individual rooms, two bathrooms, and a separate retail space, offering diverse income streams. Its prime downtown location ensures high tenant demand, with easy access to public transportation, shopping, and dining establishments. The property's basement includes coin-operated laundry machines, providing added convenience and revenue generation for the owner. This turnkey operation is ideal for investors seeking a stable, cash-flowing asset in a thriving urban area. The property is offered at $895,000 and presents a compelling opportunity for immediate return on investment. The absence of a land component (0 acres) simplifies ownership and management. The existing tenant base and established rental income stream further enhance the property's attractiveness to discerning investors. This is a rare chance to acquire a fully operational, income-producing property in a desirable location. Serious inquiries are encouraged.

Location Insight

City

Dunellen

County

Middlesex

State

New Jersey

Latitude

40.5905

Longitude

-74.4643

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