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506 Washington Ave

South Amboy City, NJ 08879
  • $599,000
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 3815717
Open House
UPDATED: 11 min ago
$599,000
  • 6
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,393
    SQFT
  • $250
    $/SQFT
Type:
Multi-Family
Built:
1910
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing opportunity to own this great investment property. Both units are rented on month-to-month basis. Rental Potential $2,500 each unit/Annual $60,000. Cap Rate 7.5%. or rent one apartment and live in the other. Won't last! This two family house has transportation right in front bus to Woodbridge Center, Close to Major Highways - GS PKWY and Route 9, NJ TRANSIT TRAIN to NYC in 35 to 40 Mins, TRAIN to Jersey Shores such as Belmar Beach, Bradley Beach, PT. Pleasant Beach, Asbury Park and more, Ferry starting in the end of 2022, Raritan Bay and Park, Restaurants and Shops, Schools and House of Worship. Each unit consists of 3 full size bedrooms, 1 bath, Laundry - washer & dryer,EIK, Living room, Dining Room, both units have central air. 2nd Floor has wood-like tiled floors, updated kitchen with stainless steel appliances, wood cabinets, updated bathroom. First floor has the same layout needs some update. Full basement with its own entryway. Concrete driveway for 2 cars. This property is eligible for 5.875% interest rate with no PMI for qualified buyers.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-07T10:46:40.467.
www.srrealestategroup.com/homes/134439475
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506 Washington Ave South Amboy City, NJ 08879

  • Price: $599,000
  • Status: Active
  • On Site: 96 Days
  • Updated: 11 min ago
  • MLS #: 3815717
6
Beds
2
Baths
0
½ Baths
N/A
Acres
2,393
SQFT
$250
$/SQFT
1910
Built
County:
Middlesex
Area:
South Amboy City
Elementary School:
S. Amboy
Middle School:
S. Amboy
High School:
S. Amboy
Property Description
Amazing opportunity to own this great investment property. Both units are rented on month-to-month basis. Rental Potential $2,500 each unit/Annual $60,000. Cap Rate 7.5%. or rent one apartment and live in the other. Won't last! This two family house has transportation right in front bus to Woodbridge Center, Close to Major Highways - GS PKWY and Route 9, NJ TRANSIT TRAIN to NYC in 35 to 40 Mins, TRAIN to Jersey Shores such as Belmar Beach, Bradley Beach, PT. Pleasant Beach, Asbury Park and more, Ferry starting in the end of 2022, Raritan Bay and Park, Restaurants and Shops, Schools and House of Worship. Each unit consists of 3 full size bedrooms, 1 bath, Laundry - washer & dryer,EIK, Living room, Dining Room, both units have central air. 2nd Floor has wood-like tiled floors, updated kitchen with stainless steel appliances, wood cabinets, updated bathroom. First floor has the same layout needs some update. Full basement with its own entryway. Concrete driveway for 2 cars. This property is eligible for 5.875% interest rate with no PMI for qualified buyers.
Exterior Features

Approximate Lot Size 29X77 IRR Color Of Building Gray Exterior Description Stucco Garage Description None Lot Description Irregular Lot Number Of Parking Spaces 2 Parking Driveway Description 1 Car WidthConcreteDriveway-Exclusive Roof Description FlatSee Remarks

Interior Features

Basement Yes Basement Description FullUnfinishedWalkout Cooling 2 UnitsCentral Air Heating 2 UnitsForced Hot Air Interior Features Carbon Monoxide DetectorFire ExtinguisherSmoke Detector Total Number Of Rooms 10 Unit1 Appliances Equipment CarbmdetCeilfanCookgasDishwshrDryerRefrigSmokedetWasher Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenKitchenLaundry RoomLiving Room Unit1 Rooms 5 Unit1 Security Deposit 1138 Unit1 Sq Ft 1466 Unit2 Appliances Equipment CarbmdetCeilfanCookgasDishwshrDryerRefrigSmokedetWasher Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomEat-In KitchenKitchenLaundry RoomLiving Room Unit2 Rooms 5 Unit2 Sq Ft 1464

Property Features

Assessment Total 263000 Building Assessment 150000 Easement Unknown Exclusions Personalty. Expenses Include Garbage CollectionHot & Cold WaterInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 40116 Home Warranty No Land Assessment 113000 Net Operating Income 30200 Sewer Public Available Tax Amount 7587 Tax Rate Amount 2.885 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 9916 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1138 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2205 Unit2 Security Deposit 3150 Utilities Electric Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Real Estate Limited: 201-599-1100.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-07T10:46:40.467.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901