361 Prospect Street, Perth Amboy NJ 08861, 1216 - Perth Amboy, NJ 08861

Property Description

Excellent investment opportunity at 361 Prospect St in Perth Amboy! This income-producing 3-family property offers a strong 8.6% CAP RATE with approximately $86,568 in annual net income after taxes and maintenance. The property features three spacious residential units, including two 2-bedroom units and one large 4-bedroom unit, providing a desirable unit mix for investors. Additional income potential is provided by three detached garages that can be rented separately. Tenants are responsible for their own utilities, helping to keep operating expenses low. The property also offers a shared driveway, basement/storage space, public water and sewer, and convenient access to local shopping, transportation, schools, major roadways and the Perth Amboy waterfront. An attractive opportunity for investors seeking immediate cash flow with additional long-term upside. Owner will entertain SELLER FINANCING with a minimum 30% down payment, subject to acceptable terms and seller approval. Property being sold AS-IS. Buyer responsible for all required municipal inspections and Certificate of Occupancy. Financial information provided by seller and should be independently verified by buyer.