Investment Overview

The property is compromised of 1, 2, and 3 bedroom units. Each unit has separate heating and hot water furnaces, cooking gas, and electric meters. With rents 50% below market, there is upside to increase rents to market upon unit turnover with the allowable vacancy decontrol by New Brunswick rent control. Being so close to downtown, the demand for housing is present with an abundance of diverse jobs. 148 Welton Street is also within walking distance to New Brunswick’s Train Station, which connects to major cities such as Newark and New York City. New Brunswick is considered the seed of New Jersey and heart of Middlesex County, consisting of 55,708 residents. It is in close proximity with direct transit access to both New York City and Philadelphia which also connects Boston and Washington D.C. It is situated in between numerous interstates and mass transit opportunities. Major Educational Institution, Rutgers University, resides in New Brunswick, creating a synergy between education, research, and business leading to economic growth. Among many other corporations headquartered nearby. Retail and entertainment in New Brunswick’s revitalized downtown also play a huge role in adding to its diversified economy.