97 Lewis St Perth Amboy City, NJ ^$ 1,200,000

97 Lewis St

^$ 1,200,000

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97 Lewis St

Perth Amboy City, NJ, 08861

^$ 1,200,000

Studio Baths0.6 Sq 5,135

Monthly Estimate*

^$ 8,382

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Studio Commercial Property for sale in Perth Amboy City, NJ for $1,200,000 with 6 half baths. This 5,135 square foot building was built in 1918 on a lot size of 0.11.

Calling all investors; this 5 Unit multi-family building is grossing over 100K annually. The interior has been renovated a year ago and the rents are slightly below market rates and has room for upside. Buyers must qualify for a commercial mortgage, hard money loan or CASH to purchase this property.The rentel leases are as follow: $1600 2b 2b, $2000 3b 1b, $2500 3b 1b, $1600 1b 1b, $1700 1b 1b

Commercial Active

Price

^$ 1,200,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 15,696

Style

Apartment Complex

Lot Size

0.11

Year Built

1918

Town/City

Perth Amboy City

County/Region

MIDDLESEX

MLS | Web ID

3886944

Features

General

Sewer Public Sewer

Construction Wood

Heating 1 Unit

Cooling Window A/C(s)

Utilities All Underground

Possession at closing

Roof Flat

Zoning Comercial

Garage Spaces 0

Year Built 1918

Tenant Pays Cable T.V. Electric Heat Hot Water

Township Perth Amboy City

Property Type Apartment Complex Apartment Complex

Tax Year 2022

Percent Ownership Fee Simple

Location Residential Area

Gross Income 112800

County Middlesex

Net Operating Income 788000

Operating Expense 34000

Status Active

Directions maps

Total Units 5

Street Name Lewis St

Tax Annual Amount 15696

Drive On-Street Parking

Leasable Area 0

Days on Market 44

Standard Status Active

Tax Assessed Value 527600

Town # 2116

Tax Lot 15

Cap Rate 6.00

Interior

Basement Unfinished

Flooring Wood

Fuel Type Gas-Natural

Total Stories 3

Half Baths 6

Exterior

Lot Features Corner

Water Source Public Water

Total Parking 0

Exterior Description Concrete

Building Area Total 5135

Lot Dimensions 50X100

Lot Size Acres 0.11

* Excluded Features

List By

DWAYNE DURHAM

Listing Agent

Re/Max Lifetime Realtors

Broker

durhamdwayne13@gmail.com

Affordability Calculator

$9,690

Per Month

Monthly Principal & Interest: $8,382
Monthly Property Taxes: $1,308
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Perth Amboy, NJ

Average List Price ^$658,559

Percent of Sale Price 45%

About Perth Amboy, NJ

53,916 Population

14% Since 2002

^$49,939 Median Income

35.14 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/28/2024	$1,200,000	-6.90%	Price Down
2/21/2024	$1,289,000		Listed Price

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97 Lewis St, Perth Amboy City, NJ, 08861 is a Commercial Property for sale at $1,200,000 with 5,135 sqft and a lot size of 0.11. 97 Lewis St is a studio with 0.6 baths and was built in 1918. The property's zip code is 08861 which is in Perth Amboy City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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