$480,000

Estimated payment $3,110/month

Total Views 411,178
-- Bed
-- Bath
1,808 Sq Ft
$265 Price per Sq Ft

Highlights

  • 90% Forced Air Heating System
  • Dwelling with Rental
  • Carpet

About This Home

Welcome to this 3 Family investment opportunity in the heart of Hamilton Township, meticulously maintained with lots of upgrades appealing to today's renters. This Charming home features two cozy 1-bedroom apt's and a spacious 2 floor- 3 bedroom apartment, newer roof, new sewer line, HW heater, updated HVAC and plumbing. This property boasts a total annual gross income of $50,400, tenants pay electric , and gas, units are currently occupied providing immediate reliable cash flow. The location of this home offers easy access to local amenities, parks , and convenient transportation. Whether you're a Savvy investor or looking for your first smart investment this is the home for you. Schedule an appointment today!

Listing Agent

Viviana Mejia

Keller Williams Realty East Monmouth Listed on: 01/05/2025

Keller Williams Realty East Monmouth

Co-Listing Agent

Lilly Shamam

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,448

Year Built

  • Built in 1900

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Dwelling with Rental
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,808 Sq Ft Home
  • Carpet
  • Basement
  • Exterior Basement Entry

Kitchen

  • Gas Oven or Range
  • Stove

Outdoor Features

  • Exterior Lighting

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 03-02296-00011

Community Details

Overview

  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,448

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Exclusions: PERSONAL BELONGINGS
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Welcome to this 3 Family investment opportunity in the heart of Hamilton Township, meticulously maintained with lots of upgrades appealing to today's renters. This Charming home features two cozy 1-bedroom apt's and a spacious 2 floor- 3 bedroom apartment, newer roof, new sewer line, HW heater, updated HVAC and plumbing. This property boasts a total annual gross income of $50,400, tenants pay electric , and gas, units are currently occupied providing immediate reliable cash flow. The location of this home offers easy access to local amenities, parks , and convenient transportation. Whether you're a Savvy investor or looking for your first smart investment this is the home for you. Schedule an appointment today!
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Stove
  • Interior Amenities: Carpet
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 1808
  • Living Area Sq Ft: 1808
  • Price Per Sq Ft: 265.49
  • Above Grade Finished Sq Ft: 1808
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 537

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Water Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: HAMILTON TOWNSHIP
  • School District Key: 300200396172
  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2500.00
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: R-5

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Taxes - Real Estate, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 50400.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 50400.00
  • Income Includes: Apartment Rentals

Tax Info

  • Tax Annual Amount: 5448.00
  • Assessor Parcel Number: 03-02296-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 1808
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,106 $154,600 $27,500 $127,100
2023 $5,106 $154,600 $27,500 $127,100
2022 $5,026 $154,600 $27,500 $127,100
2021 $6,220 $154,600 $27,500 $127,100
2020 $5,663 $154,600 $27,500 $127,100
2019 $5,496 $154,600 $27,500 $127,100
2018 $4,581 $130,600 $27,500 $103,100
2017 $4,378 $130,600 $27,500 $103,100
2016 $3,464 $128,100 $25,000 $103,100
2015 $2,644 $50,750 $25,800 $24,950
2014 $2,609 $50,750 $25,800 $24,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2025 01/20/25 For Sale $480,000 +175.9% --
10/27/2017 10/27/17 Sold $174,000 -3.3% $86 / Sq Ft
09/02/2017 09/02/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $179,900 +199.8% $89 / Sq Ft
11/05/2012 11/05/12 Sold $60,000 -24.1% --
10/09/2012 10/09/12 Pending -- -- --
09/05/2012 09/05/12 For Sale $79,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $174,000 First American Title Ins Co
Deed -- Multiple
Deed $60,000 Multiple
Deed $60,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $170,848 FHA
Source: Public Records

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Source: Bright MLS

MLS Number: NJME2053026

Bright MLS

APN: 03-02296-0000-00011