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    101-103 S Pine Avenue

    South Amboy, NJ 08879
    • $550,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 22107477
    UPDATED: 47 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 Ventre Team | eXp Realty. Data last updated 2021-06-12T09:19:51.19.
    www.theventreteam.com/homes/115091728
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    101-103 S Pine Avenue South Amboy, NJ 08879

    • Price: $550,000
    • Status: Active
    • Updated: 47 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 Ventre Team | eXp Realty. Data last updated 2021-06-12T09:19:51.19.
     
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    The Ventre Team | eXp Realty
    503 NJ-71
    Spring Lake NJ, 07762