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79-81 Washington St 6 Unit Apartment Building $1,400,000 ($233,333/Unit) 6.60% Cap Rate Perth Amboy, NJ 08861
Investment Highlights
- Excellent Location
- All Units Separately Metered for Gas, Electric, Water and Sewer; Tenants Pay All Their Own Utilities
- Recently Renovated
- Ample Parking
Executive Summary
Great Solid Investment Opportunity! A Six Unit Apartment Building in a Good Location, Easy to Maintain. The Building was Totally Renovated circa 2000, and Recently Renovated in 2022/2023. Roof was Replaced in 2015. All Units Have Individual Furnaces and Hot Water Heaters. All Units are Separately Metered for Gas, Electric, Water and Sewer. All Tenants Pay Their Own Utilities, Including Gas, Electric, Water, and Sewer. New Jersey State Inspection Done in 2023, Next Inspection is in 5 Years. Rent Roll and Expense Sheet can be Provided Upon Request.
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $233,333 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,770 SF |
| Cap Rate | 6.60% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-25 - Residential zoning district | ||
| Price | $1,400,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,770 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Opportunity Zone |
Yes |
| Zoning | R-25 - Residential zoning district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 16-00234-0000-00019 | Improvements Assessment | $542,100 |
| Land Assessment | $122,500 | Total Assessment | $664,600 |
Property Taxes
Parcel Number
16-00234-0000-00019
Land Assessment
$122,500
Improvements Assessment
$542,100
Total Assessment
$664,600
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79-81 Washington St
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