Property Description

VACANT AT CLOSING ? THE ULTIMATE VALUE-ADD 4-UNIT.Rare opportunity to acquire a prime 4-unit multi-family property delivered entirely vacant. Forget the hassle of inherited leases?this is a "clean slate" investment allowing you to set market rents from Day 1. With Perth Amboy 2-bedroom rentals trending at $2,300+, this asset is primed to generate over $110,000 in annual gross income.Perfect for the savvy investor, 1031 exchange, or an owner-occupant looking to live for free while the other three units pay the mortgage. Situated just minutes from the NJ Transit station and the thriving Waterfront district, this property is positioned for maximum appreciation and zero-day occupancy.Financials: Projected 6.8% Cap Rate.Ease of Entry: Ideal for FHA/VA financing since it will be delivered vacant.Location: High-demand rental pocket with 3% vacancy.Don't wait for a tenant to move out?start cash-flowing immediately. Sold strictly "as-is." Buyer responsible for CCO.

Property Features