361 Prospect ST, Perth Amboy, NJ 08861
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361 Prospect ST, Perth Amboy, NJ 08861
361 Prospect ST, Perth Amboy, NJ 08861
361 Prospect ST, Perth Amboy, NJ 08861
361 Prospect ST, Perth Amboy, NJ 08861
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Peggy Louis-Charles

Peggy Louis-Charles

+1(732) 438-0001
$ 999,999
Est. payment /mo
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361 Prospect ST Perth Amboy, NJ 08861

2,868 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,868 sqft

Price per Sqft $348

MLS Listing ID 2704726R

Year Built 1903

Annual Tax Amount $9,973

Tax Year 2025

Lot Size 5,248 Sqft

Acres 0.1205

Lot Dimensions 105.00 x 0.00

Property Sub-Type 3 Family

Source CJMLS API

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, 1 two bedroom 1 bath, 1 two bedroom 2 bath, and 1 four bedroom 1 bath, 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 full basement with 8 foot ceilings, a full bathroom/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. Close on this property and just pick up your rent! A truly turnkey investment.

Location

State NJ

County Middlesex

Zoning R-25

Rooms

Basement Full, Bath Full

Interior

Interior Features Unit 1(2 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 2+ Baths), Unit 3(4 Bedrooms, 1 Bath)

Heating Baseboard, Radiant, Forced Air

Cooling A/C Wall Unit(s), A/C Window Unit(s)

Appliance Water Heater(Gas), Water Heater

Heat Source Natural Gas, Oil

Exterior

Garage Spaces 3.0

Utilities Available Natural Gas Connected

Roof Type Asphalt

Building

Lot Description Near Shopping, See Remarks

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 1600159000000004

Ownership Fee Simple

Energy Description Natural Gas,Oil

Virtual Tour https://www.propertypanorama.com/instaview/msx/2704726R

Central Jersey MLS (CJMLS)
Listed by RE/MAX SELECT
Peggy Louis-Charles

Peggy Louis-Charles

Broker Associate License ID: 0679257

+1(732) 438-0001

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361 Prospect ST