101-103 S Pine Ave, South Amboy, NJ 08879

Awesome Opportunity for a CASH machine 3 family for Investor or live in 1 unit and rent other 2*Property consists of renovated 2 family upstairs and downstairs, as well as a third unit ground level with high ceilings currently gutted(was previously commercial-Variance granted by town for 3rd residential unit)*Large back room can be seperate storage units*big parking area*Upstairs currently rented with lease($1645 gas included)* Downstairs Being left vacant for option for buyer(was rented $1700 paying 1 2 gas)*Seperate Electric Meters*Gross rent 2 fam=$40k(3rd unit when completed easy $2000) to yield $60, 000 gross rent. Insurance-$2, 400, taxes-$8000, water sewer-$600, 1 2 gas-$600(current expenses=$11, 600)Projected expense-$14, 000**Looking at NOI Apprx. $46, 000 with a CAP Rate of 8.3%!!