197 Macarthur Avenue, Sayreville Boro, NJ 08872

$1,375,000

Property Type: Multi-Family Bedrooms: 10 Baths: 5 Square Footage: 7,500 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $1,375,000 List Date: 9/06/2024 Last Modified: 1/17/2025

Overview

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 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

Supplements: 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, prese ... (Read more)

Listing Details MLS# 22425777

Contract Info

List Price/SqFt: 206.67
Property Sub-Type: Five Family

Location

House Number: 197
Street Name: Macarthur
Street Suffix: Avenue
County: Middlesex
Municipality: Sayreville (SAY)
Postal City: Sayreville Boro
State: NJ
Zip Code: 08872
Area/Section: None
Complex/Subdivision: None
Elementary School: Wilson
Other Elementary: Truman
Middle School: Sayreville
High School: Sayreville War
Other High: Sayreville War
Directions: Main St. to Macarthur Ave.

General Property Info

# Units in Bldg: 5
Full Baths: 5
Total Baths: 5
# Levels: 2
Apx SqFt: 7500
Apx Year Built: 1991
# Acres: 0.42
Lot Dimensions: 104 x 175
# Parking Spaces: 10
Garage: No
Pool: No
Waterfront: No
Waterview: No
Basement: No
# Car Garage: 0

Tax and Legal

Asmnt - Total: 311400
Deed Restricted: No
Taxes: 18485
Tax Year: 2023

Status Change Info

Under Contract Date: 2024-10-24
Sold Date: 2025-01-16

Unit 1

# Bedrooms: 2
# Full Baths: Yes
Rent: 1995
Dryer Hookup: Yes
Electric Meter: Yes
Furnace: Yes
Gas Meter: Yes
Gas Stove: Yes
Refrigerator: Yes
Washer Hookup: Yes
Water Heater: Yes
Water Meter: Yes

More Information

Unit 2

# Bedrooms: 2
# Full Baths: Yes
Rent: 2050
Dryer Hookup: Yes
Electric Meter: Yes
Furnace: Yes
Gas Meter: Yes
Gas Stove: Yes
Refrigerator: Yes
Washer Hookup: Yes
Water Heater: Yes
Water Meter: Yes

Unit 3

# Bedrooms: 2
# Full Baths: Yes
Rent: 1995
Dryer Hookup: Yes
Electric Meter: Yes
Furnace: Yes
Gas Meter: Yes
Gas Stove: Yes
Refrigerator: Yes
Washer Hookup: Yes
Water Heater: Yes
Water Meter: Yes

Unit 4

# Bedrooms - Unit 4: 2
# Full Baths - Unit 4: Yes
Rent: 2250
Dryer Hookup: Yes
Electric Meter: Yes
Furnace: Yes
Gas Meter: Yes
Refrigerator: Yes
Washer Hookup: Yes
Water Heater: Yes
Water Meter: Yes

Unit 5

# Bedrooms: 2
# Full Baths: Yes
Rent: 1800
Electric Meter: Yes
Gas Meter: Yes
Refrigerator: Yes
Washer Heater: Yes
Washer Hookup: Yes
Water Meter: Yes

Zoning

Multi-Family: Yes
Residential: Yes

Showing

Call Agent: Yes
Showing Time: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Basement

Slab: Yes

Cooling

Multi Units: Yes

Water Heater

Natural Gas: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Parking

Assigned: Yes

Assessment Status

Assessed: Yes

Siding

Brick: Yes

Roof

Shingle: Yes

Landlord Pays

Garbage Removal: Yes
Grounds Care: Yes
Snow Removal: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes
Other: Yes

Property Features

Unit 1: Dryer Hookup; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer Hookup; Water Heater; Water Meter Unit 2: Dryer Hookup; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer Hookup; Water Heater; Water Meter Unit 3: Dryer Hookup; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer Hookup; Water Heater; Water Meter Unit 4: Dryer Hookup; Electric Meter; Furnace; Gas Meter; Refrigerator; Washer Hookup; Water Heater; Water Meter Unit 5: Electric Meter; Gas Meter; Refrigerator; Washer Heater; Washer Hookup; Water Meter Basement: Slab Cooling: Multi Units Heating: Forced Air; Natural Gas Water Heater: Natural Gas Siding: Brick Roof: Shingle Parking: Assigned Zoning: Multi-Family; Residential Assessment Status: Assessed Landlord Pays: Garbage Removal; Grounds Care; Snow Removal Tenant Pays: Electricity; Gas; Sewer; Water; Other Showing: Call Agent; Showing Time

Listing Office: Goldstone Realty

Listing Agent: Dominick Ali Jr.

Last Updated: January - 17 - 2025

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