115 N Feltus St - Apartments FOR SALE


South Amboy, NJ 08879
$2,400,000 USD
862-703-0801
115 N Feltus St, South Amboy, NJ for Sale
$2,400,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

115 N Feltus St
South Amboy, NJ 08879


OVERVIEW

115 North Feltus Street, South Amboy, NJ – a boutique, modern nine-unit property built in 2016. Highlights: • Nine (9) one-bedroom/one-bath apartments – each with modern finishes (granite countertops, stainless steel appliances, hardwood floors, in-unit W/D, HVAC) • Year Built: 2016; well-maintained, turnkey asset • Parking: 9 on-site spaces + 1 handicap space o Asking Price: $2,400,000 o Current Rent Roll: $1,758 avg. vs. Pro Forma $2,222 avg. – clear upside on lease turnover • Not subject to rent control – immediate ability to capture rental growth • Prime commuter location – within walking distance to South Amboy Train Station (NJ Transit to NYC) and the South Amboy Ferry Terminal with direct service to Midtown and Downtown Manhattan This property offers investors a rare opportunity to acquire a stabilized, Class-A multifamily asset with both near-term upside and long-term fundamentals in a transit-oriented location.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

9

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Multi Family

APN/PARCEL ID

20-00071-0000-00001

ASK ABOUT THIS PROPERTY

Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.