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101-103 S Pine Avenue

South Amboy, NJ 08879
  • $550,000
  • STATUS: Active
  • ON SITE: 97 days
  • MLS #: 22107477
UPDATED: 53 min ago
$550,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Information

Elementary School:
Middle School:

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 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%!!

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© 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2021-06-20T13:19:38.583.
www.candiesellshomes.com/homes/115091728
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101-103 S Pine Avenue South Amboy, NJ 08879

  • Price: $550,000
  • Status: Active
  • Updated: 53 min ago
  • MLS #: 22107477
4
Beds
2
Baths
0
½ Baths
0.14
Acres
County:
Middlesex
Area:
South Amboy (SAM)
Elementary School:
South Amboy
Middle School:
South Amboy
High School:
South Amboy High School
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 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%!!
Exterior Features

Garage No Lot Dimensions 59 X 100 Pool YN No Water View No Waterfront No

Interior Features

Basement Partial Basement YN Yes Beds Unit1 2 Beds Unit2 2 Full Baths Unit1 1 Full Baths Unit2 1 Heat AC Central AirHwbb Heat Fuel Natural Gas Unit1 Ac UnitDryerGas StoveOther - See RemarksRefrigeratorWasher Unit2 DryerGas StoveOther - See RemarksRefrigeratorWasher Water Heater Natural Gas

Property Features

Assessment Land 128900.00 Assessment Status Assessed Assessment Total 287000.00 Deed Restrictions No Financing CashConventionalFha Improvements Assessment 158100.00 Multifamily Type Two Family Owner Individual(s) Tax Year 2020 Taxes 8085.00 Water Sewer Public SewerPublic Water

Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of John Horvath of Weichert Realtors-Old Bridge.


© 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2021-06-20T13:19:38.583.
 
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The CG Group | RE/MAX Revolution
2101 Hwy 34, Suite B
Wall NJ, 07719