5 unit multi family, commercial store front, walking distance to train station

ID #:529079
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Seller will contribute up to $0 toward closing cost.
S. Broadway
South Amboy, NJ 08879 
Class: B
Restrooms: 5.5
Lot Size: .1148
Type: Multi-Family Residential
Parking Spaces: 6
Available Sq Ft: 3,420
Total Stories: 3
Floor Location: 1
Current Occupancy: Occupied
Telephone 732-882-8198
EMail contact frankiemoose@kw.com
Sale Type:Resale

Presented By:

Keller Williams West Monmouth Frank Musarra

Phone: (732) 536-9010
Alt: (732) 882-8198
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More About Frank Musarra Keller Williams West Monmouth

Property Details


This 5 unit multi family is fully rented and all units are leased under market value. Each unit pays their own electric and gas while landlord pays water. Also included is a 1000 sq ft commercial space which faces South Broadway and is walking distance to train station. The space includes a bathroom, kitchen and office. This space is currently being used by owner and is estimated to rent for $1,200/mo. Current income is broken down as follows: Commercial space 1st flr: Owner Occupied (market value: $1200/mo.) Apartment 1 1st flr efficiency unit: $625/mo. (market value: $700/mo.) Apartment 2 1st flr 2 bedroom unit: $955/mo. (market value: $1200/mo.) Apartment 3 2nd flr 1 bedroom unit: $890/mo. (market value: $975/mo.) Apartment 4 2nd flr 1 bedroom unit: $820/mo. (market value: $950/mo.) Apartment 5 3rd flr 1 bedroom unit: $725/mo. (market value: $850/mo.) Current gross income: $62,580/annually Market value gross income: $70,500/annually Property expenses Property taxes: $8,800/annually sewer: $1,200/annually Water: $1,000/annually maintenance: $1,800/annually insurance: $3,500/annually total annual expenses: $16,300
Current Use:Apartments
Building Type: Apartments


Property Features:

  • Display Window
  • Individual Electric Meter
  • Individual Gas Meter
  • Master Water Meter

Lot Features:

  • Retail Frontage
  • Downtown
  • Curbs-Walks
  • Street Lights
This property is listed with an agency, such as a real estate agent, broker or agency representative.
For additional information on this property click here.

Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.

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