197 MacArthur Avenue
$1,550,000
—
7,500
7,500
$207
Under Contract
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!
- Listed by DOMINICK ALI • GOLDSTONE REALTY
Property Details for 197 MacArthur Avenue
Zoning
R-7
Year Built1991
LISTING UPDATED: 11/03/2024 04:17 PM
Property Details for 197 MacArthur Avenue
Status | Under Contract |
---|---|
MLS # | 2503254R |
Days on Market | 58 |
Taxes | $18,485 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1991 |
Lot Size | 0.42 AC / 18,199 SF |
County | Middlesex County |
Building Information for 197 MacArthur Avenue
Stories2Residences5Year Built1991Building Size-Lot Size0.42 AC / 18,199 SF
Property Information for 197 MacArthur Avenue
Property History for 197 MacArthur 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 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 |
---|---|---|
Dwight D. Eisenhower Elementary School PublicK to 3 | ||
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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