262 Prospect Ave

Dunellen NJ 08812

5571 sq. ft.

16200 sq. ft.

Duplex

Currently for sale - view listing

Overview

Rare 3 unit in Dunellen, completely rebuilt and expanded in 2018. Every unit has hardwood floors, an updated kitchen and bath, Andersen windows, its own laundry, and separate utilities. Unit 1 offers 2 bedrooms, 1 bath, and a sunny breakfast nook, all on one level. Unit 2 offers 3 bedrooms and 2 baths, plus finished third-floor space. Unit 3 is the standout: three levels with a 23' primary suite, 3+ bedrooms, 4 full baths, a fireplace, an enclosed porch, finished attic space, and an attached garage with a loft above. It lives like its own house. Live in one unit and let the other two help pay the mortgage, or hold all three as a turnkey investment. Current gross rents are $112,800 a year, approx. 7% cap rate, and tenants pay all of their own utilities. Outside you'll find paver patios, a covered pergola, a deck, parking for 6, and a huge barn/garage with loft storage and workshop space. Natural gas, central air, public water and sewer. The back of the property is in a flood zone.

Features

7 bathrooms

2 carspaces

2 garage spaces

5571 sq. ft. floor area

16200 sq. ft. lot size

Duplex

Property history for 262 Prospect Ave

2024

Rented

Undisclosed

01 Mar 2024 by CHRISTIES INTERNATIONAL RE GRP

2018

Rented

Undisclosed

01 Jun 2018 by KELLER WILLIAMS REALTY

2017

Sold

$285,000

29 Mar 2017 by DAVID CASTELLANO, of BHHS NEW JERSEY PROPERTIES

Happy sellers in Dunellen

We have insufficient information to provide an overview of customer satisfaction for Dunellen. Viewing the agent profiles, reviews and sales for Dunellen can provide insights for this location.