314 Main StSouth Amboy, NJ 08879

Property Details for 314 Main St

Year built

1914

Property size (Sq ft)

5 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This well-maintained, two-story apartment building at 314 Main Street, South Amboy, NJ 08879, presents a compelling investment opportunity. Built in 1914, this 5-unit property offers a blend of classic charm and modern convenience. Each unit features a single bedroom, eat-in kitchen, living room, and a full bathroom, providing comfortable living spaces for tenants. Separate utilities for each unit simplify management and enhance tenant satisfaction. Currently, one unit is vacant, offering immediate potential for increased rental income. Ample parking is available with two driveways accommodating a total of seven vehicles. Adding to the income potential are six detached garages, ideal for additional rental revenue. The property's prime location, minutes from the South Amboy train station and local shops, ensures high tenant demand and easy access to transportation and amenities. The asking price is $1,100,000. This property offers a solid foundation for a strong cash flow and significant return on investment. The building's square footage is 5,000 square feet. Don't miss this chance to acquire a well-situated multifamily property in a thriving New Jersey community.

Location Insight

City

South Amboy

County

Middlesex

State

New Jersey

Latitude

40.4833

Longitude

-74.2868

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