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630 Florida Grove Rd - 630 S Florida Grove Rd, Perth Amboy, NJ 08861 5 Unit Apartment Building Offered at $1,591,681 CAD at a 6.80% Cap Rate Perth Amboy, NJ 08861
Investment Highlights
- Corner lot
Executive Summary
Prime mixed use opportunity on a highly visible corner lot totaling 10,454 sq ft. This unique property features two separate buildings offering both commercial and residential income potential. All utilities are separate, making this an efficient and attractive investment. The front building includes a retail space operating as a flower shop (Vollmann's Florist & Greenhouses) complete with an attached greenhouse, ideal for continued retail use or conversion to suit a variety of business types. This commercial unit will be delivered vacant, providing immediate flexibility for an owner user or investor. The first building also includes two studio apartments. The second building on the lot consists of two studio apartments and is complemented by a private driveway with parking for two vehicles. The expansive corner lot presents strong upside potential for future development, expansion, or reconfiguration (buyer to perform due diligence). Ideal for investors or owner operators seeking a versatile asset with multiple income streams.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$145,660
|
$13.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$145,660
|
$13.93
|
| Taxes |
$19,100
|
$1.83
|
| Operating Expenses |
$17,993
|
$1.72
|
| Total Expenses |
$37,093
|
$3.55
|
| Net Operating Income |
$108,566
|
$10.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $145,660 |
| Annual Per SF | $13.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $145,660 |
| Annual Per SF | $13.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,100 |
| Annual Per SF | $1.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,993 |
| Annual Per SF | $1.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,093 |
| Annual Per SF | $3.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $108,566 |
| Annual Per SF | $10.39 |
Property Facts
| Price | $1,591,681 CAD | Lot Size | 0.24 AC |
| Price Per Unit | $318,336 CAD | Building Size | 10,454 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.80% | No. Stories | 1 |
| No. Units | 5 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 0.19/1,000 SF |
| Zoning | R-60 - Residental | ||
| Price | $1,591,681 CAD |
| Price Per Unit | $318,336 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.24 AC |
| Building Size | 10,454 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | R-60 - Residental |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1406 | $1,751 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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630 Florida Grove Rd - 630 S Florida Grove Rd, Perth Amboy, NJ 08861
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