506 Washington Avenue
506 Washington Avenue
$599,000
—
2,931
2,931
$204
Closed 6/30/23
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.
- Listed by IVETTE CASANOVA • RE/MAX REAL ESTATE LIMITED
Property Details for 506 Washington Avenue
Zoning
RA
Year Built0
Location
LISTING UPDATED: 09/28/2023 07:27 PM
Property Details for 506 Washington Avenue
Status | Closed |
---|---|
MLS # | 2306049R |
Days on Market | 132 |
Taxes | $7,588 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi Family |
Year Built | - |
Lot Size | 0.05 AC / 2,235 SF |
County | Middlesex County |
Location
Building Information for 506 Washington Avenue
Stories2Residences-Year Built-Building Size-Lot Size0.05 AC / 2,235 SF
Payment Calculator
$3,901 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 506 Washington Avenue
Property History for 506 Washington Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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