49
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$995,000
Est. payment /mo
6,200 SqFt
Open Sat 2PM-4PM
403 Somerset St Bound Brook Boro, NJ 08805
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Open House
Sat Aug 23, 2:00pm - 4:00pm
Sun Aug 24, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $160
MLS Listing ID 3982443
Year Built 1900
Annual Tax Amount $15,733
Tax Year 2024
Lot Size 0.350 Acres
Property Description
Welcome to 403 Somerset Street, a stately Victorian nestled on a corner lot in the heart of Bound Brook. Full of character and old-world charm, this property boasts classic architectural details that set it apart from the rest. Its timeless exterior and inviting presence make it a standout opportunity for anyone seeking both beauty and function in an investment property. Located just steps from shops, restaurants, and the train station, the neighborhood offers a wonderful balance of small-town convenience and commuter accessibility. With tree-lined streets, walkable amenities, and nearby universities and parks, this setting attracts tenants who appreciate history, charm, and a vibrant community atmosphere. Rare investment opportunity with separate utilities, no rent control, and potential gross rents over $164,000 annually. Delivered vacant with flexible repositioning options. Seller will consider private financing for qualified buyers. Inquire for details. The property is NOT in a flood zone.
Location
State NJ
County Somerset
Zoning Residential
Rooms
Basement Full, Unfinished
Interior
Heating None
Cooling Window A/C(s)
Equipment Appliances, Fire Alarm, Kitchen Area, Refrigeration Unit, Restrooms - Private, Smoke Detector
Heat Source None
Exterior
Exterior Feature Brick/Block
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by REAL