South Amboy, NJ 08879,101-103 S Pine AVE
South Amboy, NJ 08879,101-103 S Pine AVE
South Amboy, NJ 08879,101-103 S Pine AVE
$440,000
Est. payment /mo
$550,000
20.0%
Est.Price: ?

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2,907 SqFt
SOLD DATE : 10/25/2021

Key Details

Sold Price $440,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,907 sqft

Price per Sqft $151

MLS Listing ID 2113462R

Sold Date 10/25/21

Originating Board CJMLS API

Annual Tax Amount $8,085

Tax Year 2020

Lot Size 5,898 Sqft

Acres 0.1354

Lot Dimensions 0.00 x 0.00

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

Location

State NJ

County Middlesex

Zoning RA

Rooms

Basement Partial, Utility Room

Interior

Interior Features Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(See Remarks)

Heating Baseboard

Cooling A/C Multi-Zone, Unit 1(A/C Unit), Unit 2(A/C Central)

Appliance Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer)

Heat Source Natural Gas

Exterior

Utilities Available Underground Utilities

Roof Type Asphalt

Parking Type 4(+)Car Parking

Building

Lot Description Near Train, Corner Lot

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 2000075000000005

Ownership Fee Simple

Energy Description Natural Gas

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Central Jersey MLS (CJMLS)
Listed by WEICHERT CO REALTORS

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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