187 Gordon St
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187 Gordon St
2 Unit Apartment Building $589,000 ($294,500/Unit) 8.57% Cap Rate Perth Amboy, NJ 08861
Investment Highlights
- Rare Money Making 2 Family
- Separate Electric,Gas & Water Meters
- Low Maintenence
- Cap Rate 8.5
- Low Taxes
- Great for Commuters. Just a 6 minutes walk to Perth Amboy Train Station. Direct Trains to NYC
Executive Summary
Amazing large 2 Family Money Maker. This North East Facing 2 Family features 3 Bedrooms in Apartment 1 & 3 Bedrooms in Apartment 2. Plus a Full Basement & a great backyard for parties. Separate Gas, Electric & Water Meters. Perfect for Owner Occupants, Live in 1 Unit and help pay mortgage with Rental Income. Also great for Investors. Low Taxes. Gross Income $61,200, Net Income $50,448. Cap Rate 8.5.Great for Commuters, Perth Amboy Train Station with Direct Trains to NYC is just a short 6 minutes stroll and close to the Water Front.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $589,000 | Apartment Style | Low Rise |
| Price Per Unit | $294,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.57% | Building Size | 2,000 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1911/2019 |
| Price | $589,000 |
| Price Per Unit | $294,500 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1911/2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $5,100 | 2,000 |
1 of 1
Walk Score ®
Very Walkable (89)
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187 Gordon St
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