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    101 S Pine Ave

    South Amboy City, NJ 08879
    • $550,000
    • STATUS: Active
    • ON SITE: 93 days
    • MLS #: 3697838
    UPDATED: 123 min ago
    $550,000
    • 4
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    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%!!

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    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-06-16T22:47:24.743.
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    101 S Pine Ave South Amboy City, NJ 08879

    • Price: $550,000
    • Status: Active
    • Updated: 123 min ago
    • MLS #: 3697838
    4
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    Middlesex
    Area:
    South Amboy City
    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%!!
    Exterior Features

    Approximate Lot Size 59X100 IRR Exterior Description Vinyl Siding Lot Description Corner Number Of Parking Spaces 4 Parking Driveway Description Off-Street Parking Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Partial Cooling Central Air Heating Baseboard - Hotwater Total Number Of Rooms 15 Unit1 Appliances Equipment DryerRange/Oven - GasRefrigeratorWasher Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 2550 Unit1 Sq Ft 0 Unit2 Appliances Equipment DryerRange/Oven - GasRefrigeratorWasher Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0

    Property Features

    Assessment Total 287000 Building Assessment 158100 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 128900 Net Operating Income 0 Sewer Public Sewer Tax Amount 8084 Tax Rate Amount 2.817 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Tenant Pays Water Unit1 Rent 1700 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays GasTenant Pays Water Unit2 Rent 1645 Unit2 Security Deposit 2467 Utilities All Underground Water Public Water Year Built Description Unknown

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Weichert Realtors.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-06-16T22:47:24.743.
     
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    eXp Realty
    28 Valley Rd Suite 1
    Montclair NJ, 07042