INVESTMENT & DEVELOPMENT OPPORTUNITY in Branchburg NJ! This is a great opportunity to acquire two occupied income generating properties renovated in 2018 generating over $60K+ per year. Approved plans are available once proof of funding has been received and permits are available after an offer has been accepted for a 3 lot subdivision. On the 3rd lot there are approvals for a 9 unit affordable housing 3 floor apartment building. The city is offering a $225k grant upon completion of the building and a Certificate Of Occupancy. White Multifamily rented for $3150 pcm and $2000 for the blue house. The tenant within the blue house is currently being evicted. Close to all modes of transportation, Raritan Valley College, Bridgewater Mall and interstate 287/78.
Off market
$632,100
1100 State Route 28 #1104, Somerville, NJ 08876
5beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$632,100 Zestimate®
$--/sqft
$3,820 Estimated rent
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Estimated market value
$632,100