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275 Laurence Pky 2 Unit Apartment Building $599,999 ($300,000/Unit) 8% Cap Rate South Amboy, NJ 08879
Investment Highlights
- Waterfront
- Near beaches and parks
- Income Producing
Executive Summary
Calling All Investors! Here's your opportunity to own an income-producing property with room for additional upside in desirable Laurence Harbor. This well-maintained two-family home features separate entrances and utilities, making management simple and efficient. The first unit offers 2 bedrooms and 1 bath, while the second unit features 3 bedrooms and 1 bath. Both units are rental-ready and poised to generate immediate income. The property also includes a basement with potential for additional storage or future value-added opportunities (subject to local approvals), plus a small fenced yard for outdoor enjoyment. Enjoy water views right from your doorstep and all the benefits of waterfront living without sacrificing convenience. Ideally located near shopping, restaurants, major highway
and public transportation, this property offers easy commuting and strong tenant appeal. Whether you're looking to expand your portfolio or secure a solid investment in a growing waterfront community, this is an opportunity you won't want to miss.
and public transportation, this property offers easy commuting and strong tenant appeal. Whether you're looking to expand your portfolio or secure a solid investment in a growing waterfront community, this is an opportunity you won't want to miss.
Property Facts
| Price | $599,999 | Apartment Style | Single-Family Home |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8% | Building Size | 1,900 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2021 |
| Zoning | R5 | ||
| Price | $599,999 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,900 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1915/2021 |
| Zoning | R5 |
Amenities
Site Amenities
- Playground
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 2 | - | 1,900 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-00009-0000-00275 | Improvements Assessment | $82,600 |
| Land Assessment | $34,000 | Total Assessment | $116,600 |
Property Taxes
Parcel Number
15-00009-0000-00275
Land Assessment
$34,000
Improvements Assessment
$82,600
Total Assessment
$116,600
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