39 Union St

Carteret NJ 07008

2124 sq. ft.

2500 sq. ft.

Duplex

Currently for sale - view listing

Overview

Rare opportunity to acquire a high-income-producing, fully occupied legal two-family property in Carteret. The majority of the home was rebuilt in 2023, with the original foundation dating back to 1907 retained. The seller invested extensively in the property with the intention of holding it as a long-term investment, completing major upgrades that include two NEW boilers / heating systems, COMPLETE new exterior siding, NEW windows, NEW electrical and plumbing systems, a partially upgraded roof, with 2 NEW kitchens and 4 NEW full baths. Both units received additional interior renovations in 2026, including NEW hardwood flooring throughout. The property offers a total of seven bedrooms and four full bathrooms, 2 kitchens with an open format concept, stable tenants with a consistent payment history, and EXCELLENT existing rental performance. Additional value-added features include TWO coin-operated laundry machines, a hardwired three-camera security system with, two separate basements providing substantial storage, and newer side- and backyard pavers. Located approximately half a block from a newly renovated park and turf field, the property also offers convenient access to shopping, schools, public transportation, and major roadways. This turnkey investment presents an OUTSTANDING opportunity for investors seeking immediate cash flow, tenant stability, and a substantially upgraded multifamily property in Middlesex County. The seller had planned to retain the property long term and is selling solely because the funds are needed for the new construction of a personal residence. Prior rental and payment history will be made available to QUALIFIED buyers.

Features

4 bathrooms

2124 sq. ft. floor area

2500 sq. ft. lot size

Duplex

Property history for 39 Union St

2018

Sold

$331,900

26 Nov 2018 by Vincent Sedita

2018

Sold

$331,900

19 Nov 2018 by Vincent Sedita, of RE/MAX IN STYLE

Happy sellers in Carteret

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