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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Michelle Burroughs

Michelle Burroughs

+1(908) 224-0499
$ 1,075,000
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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 $374

MLS Listing ID 2612858R

Year Built 1903

Annual Tax Amount $9,972

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

Investor special! High-yield 3-family property in Perth Amboy offering exceptional cash flow at an attractive entry price. Property highlights: (3) Income-generating units (including a large 4-bedroom) (3) garages for added revenue Tenants pay all utilities = low expenses With $99K gross income and $86K NOI, this deal presents a rare opportunity to secure an 8% cap rate in a growing market. Ideal for: Investors seeking maximum cash flow Value-add buyers looking to increase rents over time Seller open to seller financing. Shared Driveway. AS IS, Buyer is responsible for CO. *Some photos are virtually enhanced)

Location

State NJ

County Middlesex

Zoning R-25

Rooms

Basement Partially Finished, Storage Space

Interior

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

Heating Central, See Remarks

Cooling A/C Window Unit(s)

Appliance Water Heater(From Furnace, See Remarks, Gas), Water Heater

Heat Source Natural Gas

Exterior

Exterior Feature Patio, Porch(es) - Enclosed, Porch

Garage Spaces 3.0

Utilities Available Natural Gas Connected

Porch Patio, Enclosed, Porch

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 1600159000000004

Ownership Fee Simple

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2612858R

Central Jersey MLS (CJMLS)
Listed by EXP REALTY, LLC

NEARBY SCHOOL & BUSINESS

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361 Prospect ST