120 Madison Street

South Bound Brook, NJ 08880

$324,500
Price
6
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Wow! What an awesome investment opportunity to own a cash flowing rental where the numbers really work. This two family home has tons of great features such as easy access to major commuting highways, walking distance to the train, Rutgers, low taxes and more! Enjoy the expansive first floor unit with updated kitchen and bathroom as well as four bedrooms for maximum cashflow. Upstairs, there is an updated two bedroom unit which offers updated flooring, kitchen, paint and more. As an added bonus,...

Property Details for 120 Madison Street

Directions
Edgewood Terrace to Little Pl to 120 Madison, blue house
Days On Market
64

Property Details for 120 Madison Street

StatusActive
MLS #3659763
Taxes$7,997 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1892
Lot Size0.19 AC / 8,276 SF
CountySomerset County

Listing Agent

HOWARD E. SPENCER 5TH

COLDWELL BANKER REALTY

M: 908.448.1239

Contact Agent(s)

908.448.1239

Location

Listing Courtesy of COLDWELL BANKER REALTY, HOWARD E. SPENCER 5TH; COLDWELL BANKER REALTY, KYLE BOYLAN

Building Information for 120 Madison Street

Stories-Residences2Year Built1892Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,754 per month

30 year fixed, 2.95% Interest

Principal and Interest

$1,087

Property Taxes

$666

HOA Dues

$0

Property Information for 120 Madison Street

Summary
    Location and General Information
  • Address Included: Y
  • High School: BOUNDBROOK
  • County #: 27
  • Town Name: South Bound Brook Boro
  • Block Identifier: 28
  • Color of Building: Blue
  • Town #: 2719
  • Street # Display: 120
  • # Parking Spaces: 4.0
    Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,997
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 235000.0
  • Tax ID For Property: 2719-00028-0000-00013-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year: 2019
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
    Parking
  • Parking/Driveway Description: Blacktop, Common, Driveway-Shared, Off-Street Parking, Parking Lot-Shared
  • # Garage Spaces: 2.0
  • Garage Description: Detached Garage, On-Street Parking
Property
    Lot Information
  • Lot Description: Corner
  • Lot Identifier: 13
  • Approximate Lot Size: 76X109
  • Total Acres: 0.19
  • Construction Date/Year Built: 1892
  • Construction Date/Year Built Des: Approximate
    Property and Assessments
  • Assessment Bldg: 155000.0
  • Assessment Land: 80000.0
  • Farm Assessment: No
    Utilities
  • Cooling: 1 Unit, Window A/C(s)
  • Services: Cable TV Available
  • Utilities: Electric, Gas In Street, See Remarks
  • Water: Well
  • Water Heater: Electric
  • Heating: 1 Unit, Baseboard - Hotwater
  • Fuel Type: OilAbOut
  • Sewer: Public Sewer
Interior and Exterior Features
    Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Thermal Windows/Doors
    Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: Unknown
Multi Family
    Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, See Remarks, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 01-31-2021
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Heat, Tenant Pays Electric, Tenant Pays Water
  • Unit 1 Rent: 1675.0
  • Unit 1 Room Description: Bedrooms, Family Room, Kitchen, Laundry Room, Sunroom
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 2400.0
  • Unit 1 Sq Ft: 0.0
    Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Electric, Refrigerator, See Remarks, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 01-31-2021
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Heat, Tenant Pays Electric, Tenant Pays Water
  • Unit 2 Rent: 1335.0
  • Unit 2 Room Description: Attic, Bedrooms, Dining Room, Family Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1950.0
  • Unit 2 Sq Ft: 0.0
    Multi-Family Information
  • Unit Style: 2-Two Story
    Income & Expenses Information
  • Total Operating Expense: $12,000.00
  • Expenses Include: Heat, Insurance, Oil, Taxes
  • Net Operating Income: $24,120.00
  • Gross Operating Income: $36,120.00
Rental
    Rental Information
  • Home Warranty: false

Property History for 120 Madison St

DateEvent & SourcePriceAppreciation
Aug 26, 2020

Listed (Active)

GSMLS #3659763

$324,500
Dec 6, 2011

Sold (Public Records)

Public Record #321452474

$210,000
Nov 22, 2011

Sold

GSMLS #2859849

$210,000
DateEvent & SourcePrice
08/26/2020

Listed (Active)

GSMLS #3659763

$324,500
12/06/2011

Sold (Public Records)

Public Record #321452474

$210,000
11/22/2011

Sold

GSMLS #2859849

$210,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Madison Street

Taxable ValueLand$80,000Additions$155,000Total$235,000
Tax Record2019$7,997
Home Facts
Total Finished SqFt2,314 SqFtAbove Grade Finished SqFt2,314 SqFtStories2Lot Size8,285 SqFtStyleSingle Family ResidenceYear Built1892ZoningR-1CountySOMERSETAPN1900028000000013

Schools near 120 Madison Street


SchoolTypeGradesDistanceRating
Robert Morris SchoolPublicPK-80.1 mi
5
Holy Family AcademyPrivatePK-80.6 mi
NR
Green Brook AcademyPrivate7-120.7 mi
NR

Robert Morris School

PK-8, 0.1 mi, Public

5

Holy Family Academy

PK-8, 0.6 mi, Private

NR

Green Brook Academy

7-12, 0.7 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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120 Madison Street is a multi-family home for sale in South Bound Brook, NJ 08880. This property was listed for sale on August 26, 2020 by COLDWELL BANKER REALTY at $324,500. It has been on the market for a total of 65 days and was last sold on December 6, 2011. This listing's school district is South Bound Brook Public School District. Nearby schools include Holy Family Academy, Robert Morris School and Green Brook Academy. 120 Madison Street is a 6-bed, 2-bath, multi-family home built in 1892. This address can also be written as 120 Madison St.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, HOWARD E. SPENCER 5TH; COLDWELL BANKER REALTY, KYLE BOYLAN

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Copyright ©2020 Garden State Multiple Listing Service, L.L.C. All rights reserved. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Redfin are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. The data relating to the real estate for sale and sold listing information on this web site comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on theInternet. Sold listings may have been listed and/or sold by a real estate brokerage other than Redfin. All information deemed reliable but not guaranteed. NJMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Last Updated: 10/29/2020 12:40 PM Source: New Jersey Multiple Listing Service Inc. © 2020 New Jersey Multiple Listing Service Inc. All rights reserved.