Opportunity to purchase a student housing rooming house in the core of the New Brunswick College Avenue campus. The asset sits 7 lots from College Avenue, the heart of the Rutgers Campus and student transportation hub. Occupants of 33 Mine St enjoy close proximity to Scott Hall, The Yard (14+restaurants and quick meal options, game viewing screen, RU bus service), College Ave Gym, RWJ, St. Peters, and the regional New Brunswick train station. The lot is 10% wider and 68% deeper than nearby lots, making this a great long term hold for future upside. Pre-Pandemic Rents achieved were $10,500 per month. Currently, due to the pandemic, the Landlord is achieving rents of $7,919 per month.
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