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123 S Stevens Avenue, South Amboy, NJ 08879

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For Sale

$699,000

2,480 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $281.85
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Turnkey 2-Unit Investment Property in Prime South Amboy Location - 6.52% Cap Rate (30% expense ratio) Welcome to 123 South Stevens Avenue a fully renovated, cash-flowing multi-family property located in the heart of South Amboy. This meticulously updated two-family home offers an ideal opportunity for investors seeking strong rental income or owner-occupants looking to live in one unit while generating income from the other, or have the option of a fully rented building with 8 months left on the lease. The ground-level unit features 3 spacious bedrooms and 1 bathroom, currently leased at $3,080/month. This unit can be delivered vacant at closing if the buyer wishes to occupy it, or kept rented for continued income. The second-floor unit offers 2 bedrooms and 1 bathroom, generating $2,355/month. Both units have been thoughtfully renovated with modern finishes, ensuring long-term tenant satisfaction and minimal upkeep. With a gross annual rental income of $65,220 and estimated Net Operating Income of $45,654, this property delivers a 6.5% cap rate at the $700,000 asking price making it a compelling option for investors seeking immediate cash flow in a thriving market. Additional features include a private backyard perfect for relaxing or entertaining, and ample street parking. Tenants pay their own utilities, keeping owner expenses low. Showings are limited out of respect for tenants. Serious buyers are encouraged to review photos and financials. Private showings will be accommodated for those prepared to make an offer, contingent on a walkthrough to confirm the property's condition. Whether you're looking to expand your portfolio or secure a home with income potential, 123 South Stevens Avenue is a rare and flexible opportunity you won't want to miss.
MLS# 2513971R

Courtesy Of Real Broker LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 123 S Stevens Avenue, South Amboy, NJ 08879

Home seller CENTURY 21 Charles Smith Agency, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Charles Smith Agency, Inc.

(732) 721-9000
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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