INVESTORS.....This ROOMING HOUSE will be sure to bring in positive $$. 7 separate bedrooms which rent for $600 per month. PLUS 2 garages that generate $295 monthly.Third floor is a large efficiency with a separate bathroom; can generate $800-$1000 monthly but new owner will have to apply for a variance first. Owner pays all utilities: PSE&G ~$400 monthly. Cable/WIFI in each room ~$200 month. Water/Sewer ~$50 monthly. Insurance ~$4000 annual. Separate gas & electric meters. Coin operated washer & dryer in the basement generates approximately $150 monthly. Owner needs a rooming & boarding license to operate and obtain (easy to obtain). Large & private rear yard. New security system. Owner willing to remain on as property manager.
Information Source: Monmouth Ocean Regional REALTORS®
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