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729 Cortlandt St

3 Unit Apartment Building $630,000 ($210,000/Unit) 6.08% Cap Rate Perth Amboy, NJ 08861

Apartment Buildings New Jersey Perth Amboy 729 Cortlandt St, Perth Amboy, NJ 08861

Executive Summary

Investment opportunity: a 3-unit multifamily property featuring two 1BD/1BA units and one 2BD/1BA unit. This value-add property offers significant potential as current rents are below market rates, allowing for increased cash flow with rent adjustments. Tenants are responsible for their own gas and electric, reducing owner expenses. Ideal for investors looking to capitalize on a property with upside potential.

Attachments

729 Courtlandt St. Perth Amboy _2_ (4)

Property Facts

Price $630,000 Building Class C
Price Per Unit $210,000 Lot Size 0.06 AC
Sale Type Investment Building Size 1,786 SF
Cap Rate 6.08% Average Occupancy 100%
No. Units 3 No. Stories 2
Property Type Multifamily Year Built/Renovated 1909/2015
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.
Apartment Style Low Rise
Price $630,000
Price Per Unit $210,000
Sale Type Investment
Cap Rate 6.08%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.06 AC
Building Size 1,786 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1909/2015
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.

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
2+1 1 - -
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Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R-25 (Residential)
R-25 (Residential)
(908) 668-9600

Contact

  • Listing ID: 33223326

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 729 Cortlandt St, Perth Amboy, NJ 08861

More public record information on 729 Cortlandt St, Perth Amboy, NJ 08861

The Multifamily Property at 729 Cortlandt St, Perth Amboy, NJ 08861 is currently available for sale. Contact Jeffery Realty for more information.

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729 Cortlandt St
(908) 668-9600 x

729 Cortlandt St

Alan Walker

(908) 668-9600

(908) 668-9600

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