CCertihomes
725 State Street, Perth Amboy, NJ 08861

$725,000

0 beds 0 baths 4,921 sqft Built 1931696 days on marketActive

About this home

Well maintained brick building in an excellent location, sitting on a 75x100 approx. lot. One commercial space (currently leased as a grocery store), 3 apartments, an additional room, PLUS 5 garage spaces. Rent roll is as follows: Grocery Store: $2.050/month 3 BR Apt: $1, 350/month, 1 BR Apt: 1150/month Studio Apt: $800/month 4 Garages- $550/month 1 Garage is owner occupied Billboard: $450/ YEAR Approx. yearly gross income: $72, 000.00 Expenses: Property Taxes: $16, 000/ year Hazard Insurance: $4, 600/year Water/Sewer: $3, 500/year Gas: $160/month

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$7,310/mo

Real estate (PITI + HOA + PMI)
$6,998
Principal + interest$4,670
Property tax + insurance$2,056
PMI / 2nd mortgage$272
Utilities
$670
Heating + cooling$173
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$145
Car insurance + maintenance$145
Other (entertainment)
$158
$7,310/mo TLC
Budget$7,810/mo
Remaining after TLC$500/mo
Purchase price
$725,000
Down payment
$36,250 (5%)
Loan amount
$688,750
APR
7.19%

Quick facts

Type
Commercial
Style
Year built
1931
Lot size
0.1687 ac
Stories
2
Heating
Hot Water
Cooling
None
Water
Public
HOA
Annual tax
$14,437
MLS #
2206205R
County
Middlesex

Home features

Parking
Hard Surface
Flooring
See Remarks
Roof
Flat
Sewer
Public Sewer

Lot features

Business District

Neighborhood — 08861

MetricThis ZIPCountyUSA
Population46,7828,832,837299,088,112
Population Change Since199020.00%14.00%20.00%
Population Density8,5841,137
Male23,3924,307,827147,432,321
Female23,3904,525,010151,655,844
Never Married12,5231,965,81163,775,926
Married14,3943,647,435123,120,365
Separated3,833391,23912,639,686
Widowed2,051515,17215,467,586
Divorced3,067529,39323,075,029
Number Of House Hold14,3073,167,345111,826,380
Average House Hold Size3.232.732.60
Medial Age31.7837.1535.46
Median House Hold Income$41,463$63,392$48,276
Average House Hold Income$52,403$83,312$63,629
P C I$16,734$30,662$24,529
M D I$36,156$52,505$41,133
A T H E$45,041$61,369$50,898
S T R7.00%7.00%
W C J80.27%81.02%77.74%
(Zip) Code
8861

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 11/1/2021. Provided courtesy of J.J. ELEK REALTY CO. via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.