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309 Washington St 2 Unit Apartment Building Offered at $639,000 at a 8% Cap Rate Perth Amboy, NJ 08861
Investment Highlights
- LOW TAXES
- TENANTS PAY ALL UTILITIES
- 4 CAR PARKING. 2 SPOTS RENTED AT $50 EACH PER MONTH
- 10 MINUTES WALK TO TRAIN STATION
- 2 CAR DETACHED GARAGE. RENTED AT $300 PER MONTH.
Executive Summary
Amazing large 2 Family Money Maker. Low Taxes. Separate Gas, Electric & Water Meters. North East Facing. 1st Floor Apartment has 2 Bedrooms, Living Room & Eat In Kitchen. 2nd Floor Apartment has 3 Bedrooms, Living Room & Eat In Kitchen. Plus 2 Bonus Rooms in Attic. 2 Car Detached Garage (rented for $300). Parking for 4 Cars (2 spots rented for $100). 1st Floor rent is below mkt. Potential Total Rental Income of $64,800. Cap Rate 8%. All Utilities paid by Tenants. Great for Commuters, Perth Amboy Train Station with Direct Trains to NYC is just a short 12 minutes walk.
Property Facts
| Price | $639,000 | Property Type | |
| Price Per Unit | $319,500 | Building Size | 1,922 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8% | Year Built | 1914 |
| No. Units | 2 |
| Price | $639,000 |
| Price Per Unit | $319,500 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 2 |
| Property Type | |
| Building Size | 1,922 SF |
| No. Stories | 2 |
| Year Built | 1914 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 2 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
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309 Washington St