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523 State St
Perth Amboy, NJ 08861

Multifamily Property For Sale · 2 Units

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EXECUTIVE SUMMARY

Solid Investment Property. Renovated Two-Family in a Good Location. Both Apartments are Large and Each Includes Three Bedrooms and Two Full Bathrooms. Units Have Central Air. Private 6-Car Parking Driveway in Rear. Units are Separately Metered for Gas, Electric and Water. Tenants Pay Their Own Utilities, Including Gas, Electric, Water and Sewer.

PROPERTY FACTS

Price Per Unit	$350,000	Lot Size	0.09 AC
Sale Type	Investment	Building Size	2,928 SF
Cap Rate	6.95%	No. Stories	2
No. Units	2	Year Built	1910
Property Type	Multifamily	Cross Streets	Pearl Pl
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price Per Unit	$350,000
Sale Type	Investment
Cap Rate	6.95%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.09 AC
Building Size	2,928 SF
No. Stories	2
Year Built	1910
Cross Streets	Pearl Pl
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

ZONING

Zoning Code	C-1
C-1

Listing ID: 26933942
Date on Market: 10/25/2022
Last Updated:
Address: 523 State St, Perth Amboy, NJ 08861

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