197 MacArthur Avenue

Sayreville, NJ 08872

$1,550,000
Price
Beds
7,500 Sq. Ft.
$207 / Sq. Ft.
7,500
Sq. Ft.
$207
per Sq. Ft.

Description

Incredible Investment Opportunity in Sayreville! Discover a prime investment opportunity with this well-maintained five-family property in the heart of Sayreville. This multi-family gem is designed for maximum rental income and tenant satisfaction, featuring: Modern Infrastructure: Enjoy peace of mind with a roof that's only 2 years old. Each unit comes equipped with its own separate furnace, water heater, gas meter, electric meter, and water meter, ensuring independence and efficiency. Spacious...Incredible Investment Opportunity in Sayreville! Discover a prime investment opportunity with this well-maintained five-family property in the heart of Sayreville. This multi-family gem is designed for maximum rental income and tenant satisfaction, featuring: Modern Infrastructure: Enjoy peace of mind with a roof that's only 2 years old. Each unit comes equipped with its own separate furnace, water heater, gas meter, electric meter, and water meter, ensuring independence and efficiency. Spacious Living: Each of the five units boasts 2 bedrooms and 1 full bathroom, complemented by a generous living room and kitchen area. Updated laminated flooring throughout adds a fresh, contemporary touch. Convenient Amenities: All units feature washer and dryer hookups, enhancing tenant convenience and comfort. Each unit also benefits from 2 dedicated parking spots. Prime Location: Ideally situated close to parks, shopping, restaurants, and commuter routes, this property offers unparalleled convenience for residents. Revenue Potential: This investment is tenant-occupied, with some units currently renting at up to 20% below market value, presenting an excellent opportunity to increase rental income and capitalize on potential growth. Don't miss out on this exceptional chance to create passive income with a property that combines modern features, strategic location, and significant investment potential. Act now and secure your future in real estate!
  1. Listed by DOMINICK ALI • GOLDSTONE REALTY

Property Details for 197 MacArthur Avenue

Zoning
R-7
Year Built
1991
LISTING UPDATED: 11/03/2024 04:17 PM

Property Details for 197 MacArthur Avenue

StatusUnder Contract
MLS #2503254R
Days on Market58
Taxes$18,485 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1991
Lot Size0.42 AC / 18,199 SF
CountyMiddlesex County

Building Information for 197 MacArthur Avenue

Stories2Residences5Year Built1991Building Size-Lot Size0.42 AC / 18,199 SF

Property Information for 197 MacArthur Avenue

Summary
Location and General Information
  • State Or Province: NJ
Parking
  • Parking Total: 10.0
  • Parking Features: On Site, Assigned, Paved
Taxes and HOA Information
  • Tax Annual Amount: $18,485.00
  • Tax Year: 2023
Property
Lot Information
  • Building Area Total: 7500.0
  • Levels: Two
  • Living Area: 7500.0
  • Living Area Units: Square Feet
  • Lot Features: Dead - End Street
  • Lot Size Acres: 0.4178
  • Lot Size Area: 0.4178
  • Lot Size Dimensions: 175.00 x 104.00
  • Lot Size Square Feet: 18199.0
Property and Assessments
  • Water Source: Public
  • Parcel Number: 19001690700010
  • Photos Count: 10
Utilities
  • Sewer: Public Sewer
  • Documents Available: Leases
  • Utilities: Electricity Connected, Natural Gas Connected
Interior and Exterior Features
Interior Features
  • Cooling: Window Unit(s)
  • Flooring: Laminate
  • Gas: Natural Gas
  • Heating: Forced Air
  • Heating: Yes
  • Postal Code: 08872
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bathrooms Total: 0
  • # Units for Sale/Lease: 5.0
Exterior Features
  • Service: Gas
  • Roof: See Remarks, Composition
  • Stories: 2
  • Stories Total: 2
Multi Family
Unit Information
  • Number Of Units Total: 5
Income & Expenses Information
  • Maintenance Expense: $0
Rental
Rental Information
  • Tenant Pays: Sewer, Electricity, Gas, Water

Property History for 197 MacArthur 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 197 MacArthur Avenue

Taxable ValueLand$70,900Additions$240,500Total$311,400
Tax Record2023$18,485 ($1,540 / month)
Home Facts
Stories5Lot Size18,200 SqFtStyleMulti-Family Res (5+ Units)ZoningR7CountyMIDDLESEXAPN19 00169- 07-00010

Schools near 197 MacArthur Avenue

This home is within Sayreville Public School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Sayreville Middle School
Public6 to 8

War Memorial High School
Public9 to 12

Samsel Uppper Elementary School
Public4 to 5

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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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GOLDSTONE REALTY, DOMINICK ALI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/21/2024 08:17 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 12/21/2024 08:17 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.