1101 Brooks Blvd, Manville Boro, NJ 08835

Property Description

Are you an investor looking for immediate cash flow and ongoing appreciation? This fully-rented four-plex in the high-and-dry North Side of Manvillebrings safe long-term returns. Units are well-maintained, rent readily through word-of-mouth, and are in a quiet residential area. First floor is kitchen, livingarea, dining area, and utility room. Second floor has two bedrooms and one full bath. Each unit offers a private brick patio, and dedicated off-street parking. Tenyear-old roof, mostly new HVAC and water heaters; tenants supply own washer, dryer, and refrigerator. Separate meters for gas and electric; landlord pays sewerand water. Current monthly rents are well below Fair Market Value (which the Manville Housing Office calculates as $2375 for a two bed/one bath apartment). Six-month lease extensions for current long-term tenants expire between January 31-March 31, 2027.