29 Douglas Avenue

Somerset, NJ 08873

$475,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

An Investor's Dream! This property is a duplex with full, stable tenancies. The larger Unit #1 has been renovated with 4 bedrooms, 2 full baths, finished garage for storage, finished basement with walkout, kitchen area with walkout, and even a storage area with walkout. The smaller Unit #2 has been renovated with 1 bedroom, one full bath, and a pantry. The renovations include major upgrades - 1/2 of roof replaced, new boiler, new hot water heater, upgraded PEX plumbing and 3 HVAC zones and radiator...An Investor's Dream! This property is a duplex with full, stable tenancies. The larger Unit #1 has been renovated with 4 bedrooms, 2 full baths, finished garage for storage, finished basement with walkout, kitchen area with walkout, and even a storage area with walkout. The smaller Unit #2 has been renovated with 1 bedroom, one full bath, and a pantry. The renovations include major upgrades - 1/2 of roof replaced, new boiler, new hot water heater, upgraded PEX plumbing and 3 HVAC zones and radiator heating for efficiency and cost savings. Easy commuting located near the New Brunswick Train Station, Suburban Bus Terminal, Robert Wood Johnson University Hospital, and major roads an highways. 8.8% cap rate. Profit & Loss Statement available upon request. This location is in very high demand and an incredible investment opportunity. Showings start on November 27.
  1. Listed by SOPHIA G. GEORGES • REALSOPHY REAL ESTATE

Property Details for 29 Douglas Avenue

Directions
South on Route 27 (Somerset St), left at Douglas Ave, property is on the Right
Days On Market
19

Location

Add your commute
LISTING UPDATED: 01/12/2024 11:26 PM

Property Details for 29 Douglas Avenue

StatusSold
MLS #3875327
Days on Market19
Taxes$6,933 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1945
Lot Size0.26 AC / 11,325 SF
CountySomerset County

Location

Add your commute

Building Information for 29 Douglas Avenue

Stories-Residences2Year Built1945Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

$3,170 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$578

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 29 Douglas Avenue

Summary
Location and General Information
  • Active Days on Market: 20
  • County #: Somerset
  • Town Name: Franklin Twp.
  • Block Identifier: 171.02
  • Listing Type: Exclusive Right to Sell
  • Town #: 2708.0
  • Street # Display: 29.0
  • # Parking Spaces: 3
  • County Or Parish: Somerset
  • Street Name: Douglas Ave
  • Zip Code: 08873-3226
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $6,933
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 357400.0
  • Tax ID For Property: 2708-00171-0002-00008-0000-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Blacktop, Circular, On-Street Parking
Property
Lot Information
  • Lot Identifier: 8
  • Approximate Lot Size: 50X226 AVG
  • Total Acres: 0.26
  • Construction Date/Year Built: 1945
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 130200.0
  • Assessment Land: 227200.0
Utilities
  • Cooling: See Remarks
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: Radiators - Hot Water
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CookGas, Refrig, SmokeDet
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 2.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 2750.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Storage, Utility Room
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 4125.0
  • Unit 1 Sq Ft: 1150.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, CookGas, Refrig, SmokeDet
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1300.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room, Pantry
  • Unit 2 Rooms: 2.0
  • Unit 2 Security Deposit: 1950.0
  • Unit 2 Sq Ft: 515.0
Multi-Family Information
  • Unit Style: Duplex-Side by Side
Income & Expenses Information
  • Total Operating Expense: $8,900.00
  • Net Operating Income: $39,700.00
  • Gross Operating Income: $48,600.00

Property History for 29 Douglas Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 29 Douglas Avenue

Taxable ValueLand$227,200Additions$130,200Total$357,400
Tax Record2022$6,500 ($542 / month)
Home Facts
Beds0Total Finished SqFt1,665 SqFtAbove Grade Finished SqFt1,665 SqFtStories1Lot Size11,300 SqFtStyleSingle Family ResidenceYear Built1945ZoningGBCountySOMERSETAPN08 00171- 02-00008

Schools near 29 Douglas Avenue

This home is within Franklin Township Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Pine Grove Manor Elementary School
PublicPK to 5

Franklin Middle School
Public6 to 8

Franklin Twp High School
Public9 to 12

Hillcrest Elementary School
PublicPK to 5

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.

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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALSOPHY REAL ESTATE, SOPHIA G. GEORGES

The data relating to the real estate for sale and sold listing information on this website 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 the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS 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. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/06/2024 05:45 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.