Address
101 S Pine Ave South Amboy City, NJ
Price
$ 550,000
Property Attributes
  • MLS#3697838
  • TypeMulti-Family
  • CountyMIDDLESEX
  • CitySouth Amboy City
  • AreaSouth Amboy City
  • Zip08879
  • Style2-Two Story
  • Taxes$ 8084
  • Price$ 550,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
Listing Provided Courtesy Of:
WEICHERT REALTORS
Data Source:
Garden State MLS
Property Description

Awesome Opportunity for a CASH machine 3 family for Investor or live in 1 unit and rent other 2 *Property consists of renovated 2 family upstairs and downstairs,as well as a third unit ground level with high ceilings currently gutted(was previously commercial-Variance granted by town for 3rd residential unit)*Large back room for can be seperate storage units*big parking area*Upstairs currently rented with lease($1645 gas included)* Downstairs Being left vacant for option for buyer(was rented $1700 paying 1/2 gas)*Seperate Electric Meters*Gross rent 2 fam=$40k(3rd unit when completed easy $2000) to yield $60,000 gross rent. Insurance-$2,400,taxes-$8000,water/sewer-$600,1/2 gas-$600(current expenses=$11,600)Projected expense-$14,000**Looking at NOI Apprx. $46,000 with a CAP Rate of 8.3%!!

Price History
3/15/2021 Listed $550,000

General Features

Architectural Style 2-Two Story
Basement Partial
Cooling Central Air
Drive Off-Street Parking
Heating Baseboard - Hotwater
Open Parking Spaces 4
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 8084
Total Units 2
Town # 2120
Township South Amboy City
Utilities All Underground

Interior Features

Fuel Type Gas-Natural
Unit 1 Appl/equip Dryer, Range/Oven - Gas, Refrigerator, Washer
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen, Living Room
Unit 1 Rooms 4
Unit 2 Appl/equip Dryer, Range/Oven - Gas, Refrigerator, Washer
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 2 Handicap Modified No
Unit 2 Levels 2
Unit 2 Room Description Bedrooms, Kitchen, Living Room
Unit 2 Rooms 4
Unittype1totalrent 1700
Unittype2totalrent 1645

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 59X100 IRR
Lot Features Corner
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08879

Price
AVG $460K
$550K
Taxes
AVG $7,630
$8,084
Visits
AVG 52
207
Walkscore
AVG 69
69
Data Provided by Walkscore ® not using MLS data

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