326 Elm St, Perth Amboy City NJ 08861-4016

Perth Amboy City
Property Media
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Property Price
$999,999
Bedrooms
10
Year Built
1890
Tax Annual Amount
$14393
TaxYear (*text)
2025
Roof (*text)
Flat
Lot Size Area
0.12
MLS Status
Active
MLS #
4015894

VACANT AT CLOSING ? THE ULTIMATE VALUE-ADD 4-UNIT.Rare opportunity to acquire a prime 4-unit multi-family property delivered entirely vacant. Forget the hassle of inherited leases?this is a "clean slate" investment allowing you to set market rents from Day 1. With Perth Amboy 2-bedroom rentals trending at $2,300+, this asset is primed to generate over $110,000 in annual gross income.Perfect for the savvy investor, 1031 exchange, or an owner-occupant looking to live for free while the other three units pay the mortgage. Situated just minutes from the NJ Transit station and the thriving Waterfront district, this property is positioned for maximum appreciation and zero-day occupancy.Financials: Projected 6.8% Cap Rate.Ease of Entry: Ideal for FHA/VA financing since it will be delivered vacant.Location: High-demand rental pocket with 3% vacancy.Don't wait for a tenant to move out?start cash-flowing immediately. Sold strictly "as-is." Buyer responsible for CCO.

Yearly Tax Rate
3.178
Year Built (*numeric)
1890
Basement
Yes
Roofing (*text)
Flat
Days On Market
18
Basement (*text)
Yes
Cooling (*text)
None
Heating
Radiators - Steam
Lot Size Dimensions
50X105
Property Location

40.511347034566, -74.273415952921

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762