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115 N Feltus St 9 Unit Apartment Building $3,282,432 CAD ($364,715 CAD/Unit) South Amboy, NJ 08879
Executive Summary
115 North Feltus Street, South Amboy, NJ – a boutique, modern nine-unit property built in 2016.
Highlights:
• Nine (9) one-bedroom/one-bath apartments – each with modern finishes (granite countertops, stainless steel appliances, hardwood floors, in-unit W/D, HVAC)
• Year Built: 2016; well-maintained, turnkey asset
• Parking: 9 on-site spaces + 1 handicap space
o Asking Price: $2,400,000
o Current Rent Roll: $1,758 avg. vs. Pro Forma $2,222 avg. – clear upside on lease turnover
• Not subject to rent control – immediate ability to capture rental growth
• Prime commuter location – within walking distance to South Amboy Train Station (NJ Transit to NYC) and the South Amboy Ferry Terminal with direct service to Midtown and Downtown Manhattan
This property offers investors a rare opportunity to acquire a stabilized, Class-A multifamily asset with both near-term upside and long-term fundamentals in a transit-oriented location.
Highlights:
• Nine (9) one-bedroom/one-bath apartments – each with modern finishes (granite countertops, stainless steel appliances, hardwood floors, in-unit W/D, HVAC)
• Year Built: 2016; well-maintained, turnkey asset
• Parking: 9 on-site spaces + 1 handicap space
o Asking Price: $2,400,000
o Current Rent Roll: $1,758 avg. vs. Pro Forma $2,222 avg. – clear upside on lease turnover
• Not subject to rent control – immediate ability to capture rental growth
• Prime commuter location – within walking distance to South Amboy Train Station (NJ Transit to NYC) and the South Amboy Ferry Terminal with direct service to Midtown and Downtown Manhattan
This property offers investors a rare opportunity to acquire a stabilized, Class-A multifamily asset with both near-term upside and long-term fundamentals in a transit-oriented location.
Property Facts
| Price | $3,282,432 CAD | Building Class | B |
| Price Per Unit | $364,715 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 11,561 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi Family - Apartments | ||
| Price | $3,282,432 CAD |
| Price Per Unit | $364,715 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 11,561 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | Multi Family - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Dining Room
- Linen Closet
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Wheelchair Accessible
- Maintenance on site
- Multi Use Room
- Private Bathroom
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 20-00071-0000-00001 | Improvements Assessment | $1,131,088 CAD |
| Land Assessment | $270,805 CAD | Total Assessment | $1,401,892 CAD |
Property Taxes
Parcel Number
20-00071-0000-00001
Land Assessment
$270,805 CAD
Improvements Assessment
$1,131,088 CAD
Total Assessment
$1,401,892 CAD
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115 N Feltus St
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