Back on Market. Buyer couldn't perfom. This three family has been fully renovated with up to date appliances except unit one. Landlord pays only taxes and insurance. Tenants pay rent, utlities, incl. water. Prime investment opportunity with a good cap rate. (There is another building attached to this building for sale with 2 units fully renovated as well located at 286 Oak st. Can be purchased as a package). Unit 1 has 2 bedrooms, 1 bath. Tenant in place for years Month 2 Month lease. Rent: $1,300 per month (market value: $2,200-$2,300 per month). Month-to-month lease (not renovated due to current tenancy. Unit 2 has 3 bedrooms, 1 bath. Fully renovated. Rent: $2,300 per month. Lease expires July 31. Unit 3 has 3 bedrooms, 1 bath. Fully renovated. Rent: $2,300 per month. On a lease till July 31. Details Sale price: $719,000. All units pay their own water Landlord pays only taxes and insurance. Buyer responsible for Certificate of Occupancy (CO) (286 Oak is also for sale. 2 family attached to 288 Oak. Fully rented)
Under contract
$719,000
288 Oak St, Perth Amboy, NJ 08861
8beds
0baths
--sqft
Est.:
Multi Family
Built in 1909
-- sqft lot
$748,000 Zestimate®
$--/sqft
$-- HOA
What's special
Up to date appliances
- 59 days
- on Zillow |
- 23 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2025 at 10:28am
Listed by:
Karim Ramos,
RE/MAX FIRST REALTY II 908-664-1500
Source: All Jersey MLS,MLS#: 2510014R

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Radiant
Cooling
- A/C Window Unit(s)
Appliances
- Included: Water Heater(See Remarks), Water Heater
Features
- Unit 1(2 Bedrooms), Unit 2(3 Bedrooms), Unit 3(3 Bedrooms)
- Basement: Full, None
Interior area
- Total structure area: 0
Video & virtual tour
Property
Features
- Stories: 3
Lot
- Features: See Remarks
Details
- Parcel number: 2116000690000000280000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Perth Amboy
Financial & listing details
- Tax assessed value: $317,300
- Annual tax amount: $9,553
- Date on market: 3/5/2025
- Ownership: Fee Simple
- Lease term: Unit 2(Month-Month),Unit 4(Month-Month)
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