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    103 S Pine Avenue

    South Amboy, NJ 08879
    • $550,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 2113462R
    UPDATED: 29 min ago
    $550,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,907
      SQFT
    • $189
      $/SQFT
    Type:
    Multi-Family
    County:
    Area:

    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 work needed $90,000,new projected yearly expense-$14,000**Looking at NOI Apprx. $46,000 with a CAP Rate .0718** Located just down the street from Train station to NYC and restaurants, stores,shopping,schools and major Hiway access

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    The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2021, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2021-06-20T14:17:29.577.
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    103 S Pine Avenue South Amboy, NJ 08879

    • Price: $550,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 2113462R
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,907
    SQFT
    $189
    $/SQFT
    County:
    Middlesex
    Area:
    South Amboy
    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 work needed $90,000,new projected yearly expense-$14,000**Looking at NOI Apprx. $46,000 with a CAP Rate .0718** Located just down the street from Train station to NYC and restaurants, stores,shopping,schools and major Hiway access
    Exterior Features

    Carport Spaces 0 Lot Features Near TrainCorner Lot Parking Features 4(+)Car Parking Roof Asphalt

    Interior Features

    Appliances Water Heater(Gas)Water HeaterUnit 1(DryerRange/OvenRefrigeratorWasher)Unit 2(DryerRange/OvenRefrigeratorWasher) Basement PartialUtility Room Building Area Total 2907 Cooling A/C Multi-ZoneUnit 1(A/C Unit)Unit 2(A/C Central) Heating Baseboard Interior Features Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(2 BedroomsKitchen1 BathLiving Room)Unit 3(See Remarks) Stories Total 2

    Property Features

    Carport YN No Garage YN No Gas Natural Gas Heating YN Yes Ownership Fee Simple Property Sub Type 3 Family Sewer Public Sewer Tax Annual Amount 8085 Tax Year 2020 Water Source Public



    Listing courtesy of Weichert Co Realtors.
    Copyright 2021, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC.. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.




    The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2021, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2021-06-20T14:17:29.577.
     
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    28 Valley Rd Suite 1
    Montclair NJ, 07042