163 Livingston Avenue

Description

Exceptional investment opportunity in the heart of New Brunswick! This 18-unit licensed rooming house offers strong in-place cash flow with immediate upside potential. Currently generating approximately $175,000+ in annual income with a net operating income of over $100,000, this asset is ideal for investors seeking stable returns in a high-demand rental market. The property features 18 income-producing units with a diversified tenant base, all currently on month-to-month leases providing flexibility for rent optimization and improved management strategies. Utilities and operations are already stabilized, making this a turnkey opportunity with the ability to increase revenue over time. Additional highlights include public water and sewer, natural gas, newer roof (2022), and a mix of functional common areas and essential amenities to support tenant retention. On-site features include a garage and small outdoor space. Located in a high-demand rental corridor near Rutgers University, transportation, shopping, and major highways, this property benefits from consistent tenant demand and long-term growth potential. Whether you're expanding your portfolio or entering the multi-unit investment space, this is a rare opportunity to acquire a high-yield asset in a prime location.