8 Drake Street
8 Drake Street
$499,000
5
2
—
—
—
Sold 8/19/22
Description
Amazing up and down multi-family opportunity for an investor to live in one unit and rent out the other, or rent out both and cashflow. Charming porch welcomes you at entry. The vacant downstairs features a renovated 2 bed, 1 bath with updated white kitchen and gorgeous bathroom. Enjoy the brand new floors and new paint throughout. The upstairs 3 bed, 1 bath unit is currently tenant occupied on a month-to-month lease. Annual numbers: 2022 Sewer Tax: $994, American water bill for 2021: $1,278 at 100%...Amazing up and down multi-family opportunity for an investor to live in one unit and rent out the other, or rent out both and cashflow. Charming porch welcomes you at entry. The vacant downstairs features a renovated 2 bed, 1 bath with updated white kitchen and gorgeous bathroom. Enjoy the brand new floors and new paint throughout. The upstairs 3 bed, 1 bath unit is currently tenant occupied on a month-to-month lease. Annual numbers: 2022 Sewer Tax: $994, American water bill for 2021: $1,278 at 100% occupancy, Refuse Tax: $488. The tenants pay their own gas/electric to PSEG. Total Annual Operating Expense: $11,290. This well-maintained building is situated in the heart of Bound Brook, only a minute from Target, Costco, Highways etc. Great Opportunity! Make an offer today!
- Listed by LINDA THELL • SIGNATURE REALTY NJ
Property Details for 8 Drake Street
Directions
gps
Days On Market38
Location
LISTING UPDATED: 08/20/2023 03:03 AM
Property Details for 8 Drake Street
Status | Sold |
---|---|
MLS # | 3790187 |
Days on Market | 38 |
Taxes | $6,846 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1930 |
Lot Size | 0.06 AC / 2,613 SF |
County | Somerset County |
Location
Building Information for 8 Drake Street
Stories-Residences2Year Built1930Building Size-Lot Size0.06 AC / 2,613 SF
Payment Calculator
$3,294 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8 Drake Street
Property History for 8 Drake Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8 Drake Street
Taxable ValueLand$127,400Additions$246,200Total$373,600
Tax Record2022$7,643 ($637 / month)
Home Facts
Total Finished SqFt1,806 SqFtAbove Grade Finished SqFt1,806 SqFtStories2Lot Size2,738 SqFtStyleDuplexYear Built1918CountySOMERSETAPN04 00007-0000-00033
Schools near 8 Drake Street
This home is within Bound Brook School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 2 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 6 |
Rating | School | Distance |
---|---|---|
Lafayette Elementary School Public1 to 2 | ||
Community Middle School Public7 to 8 | ||
Bound Brook High School Public9 to 12 | ||
Smalley Elementary School Public3 to 6 |
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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