506 Washington Avenue

South Amboy, NJ 08879

$599,000
Last Sold Price
Beds
2,931 Sq. Ft.
$204 / Sq. Ft.
2,931
Sq. Ft.
$204
per Sq. Ft.

Description

Amazing opportunity to own this great investment property or simply rent a unit to pay for your monthly expenses and live in the other. Both units are rented month-to-month basis. Income potential $2,500 each unit/Annual $60,000, Cap Rate 7.6%. Won't last! This two family house has transportation right in front, bus to Woodbridge Center, Close to Major Highways - GS Pkwy and Route 9, NJ Transit Train to NYC in 35 to 40 mins, Train to Jersey Shores such as Belmar Beach, Bradley Beach, Asbury Park,...Amazing opportunity to own this great investment property or simply rent a unit to pay for your monthly expenses and live in the other. Both units are rented month-to-month basis. Income potential $2,500 each unit/Annual $60,000, Cap Rate 7.6%. Won't last! This two family house has transportation right in front, bus to Woodbridge Center, Close to Major Highways - GS Pkwy and Route 9, NJ Transit Train to NYC in 35 to 40 mins, Train to Jersey Shores such as Belmar Beach, Bradley Beach, Asbury Park, Pt. Pleasant and more, ferry starting the end of the year 2022, Raritan Bay and Park, Restaurants and Shops, Schools and House of Worship. Each unit consists of 3 bedroom, 1 bath, laundry - washer & dryer, EIK, Living Room, Dining Room, both units have central air. 2nd floor has wood-like tiled floors, updated kitchen with stainless appliances, wood cabinets, updated bathroom. First floor has the same layout needs some update. Full basement with its own entryway, concrete driveway for 2 cars. This property is eligible for a grant up to $15K toward down payment and closing cost for first time buyers if they qualify. Call to schedule appointment and to find out more details.
  1. Listed by IVETTE CASANOVA • RE/MAX REAL ESTATE LIMITED

Property Details for 506 Washington Avenue

Zoning
RA
Year Built
0

Location

Add your commute
LISTING UPDATED: 09/28/2023 07:27 PM

Property Details for 506 Washington Avenue

StatusClosed
MLS #2306049R
Days on Market132
Taxes$7,588 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built-
Lot Size0.05 AC / 2,235 SF
CountyMiddlesex County

Location

Add your commute

Building Information for 506 Washington Avenue

Stories2Residences-Year Built-Building Size-Lot Size0.05 AC / 2,235 SF

Payment Calculator

$3,901 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$632

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 Washington Avenue

Summary
Location and General Information
  • State Or Province: NJ
Parking
  • Carport Spaces: 0.0
  • Carport: No
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: 1-2 Car Parking, See Remarks
Owner
  • Ownership: Fee Simple
Taxes and HOA Information
  • Tax Annual Amount: $7,588.00
  • Tax Year: 2021
  • Other Fees: $.00
Virtual Tour
Property
Lot Information
  • Building Area Total: 2931.0
  • Living Area: 2931.0
  • Living Area Units: Square Feet
  • Lot Features: Near Shopping, Near Train, See Remarks, Near Public Transit
  • Lot Size Acres: 0.0513
  • Lot Size Area: 0.0513
  • Lot Size Dimensions: 77.00 x 29.00
  • Lot Size Square Feet: 2235.0
Property and Assessments
  • Water Source: Public
  • Parcel Number: 2000129000000011
  • Photos Count: 13
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
Interior and Exterior Features
Interior Features
  • Cooling: A/C Central - All,Ceiling Fan(s), Unit 1(A/C Central), Unit 2(A/C Central)
  • Gas: Natural Gas
  • Heating: Forced Air
  • Heating: Yes
  • Interior Features: Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Postal Code: 08879
  • Postal Code Plus4: 1270
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Basement: Full, Utility Room
  • Bathrooms Total: 0
  • Appliances: Water Heater(Gas), Unit 1(Dryer,Refrigerator,Washer), Unit 2(Dryer,Refrigerator,Washer)
  • # Heat Systems: 2
Exterior Features
  • Service: Garbage Included In Tax
  • Roof: Asphalt, Flat
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease Term: Unit 1(Month-Month), Unit 2(Month-Month)

Property History for 506 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Washington Avenue

Taxable ValueLand$113,000Additions$150,000Total$263,000
Tax Record2022$7,716 ($643 / month)
Home Facts
Total Finished SqFt2,931 SqFtAbove Grade Finished SqFt2,931 SqFtStories2Lot Size2,233 SqFtStyleMiscellaneous CommercialCountyMIDDLESEXAPN20 00129-0000-00011

Schools near 506 Washington Avenue

This home is within South Amboy School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Private - PK to 8
Private - 9 to 12
Rating
School
Distance
South Amboy Elementary School
PublicPK to 5

South Amboy High School
Public6 to 12

Sacred Heart Elementary School
PrivatePK to 8

Cardinal Mccarrick High School
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX REAL ESTATE LIMITED, IVETTE CASANOVA

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/27/2024 11:38 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.