1074-1080 SUMMIT AVE, JC, Heights, New Jersey, 07307

1074-1080 SUMMIT AVE
JC, Heights NJ 07307

Property

Ownership: income-property
Rooms: 2
Bathrooms: 6
Pets: Pets Allowed

Financials

Price: $1,599,000
140 Bay St, Suite 1 Jersey City, NJ 07302
Courtesy of KELLER WILLIAMS CITY LIFE REALTY ()

Description

Incredible opportunity to own an 8 unit building located in the heart of Jersey City Heights. This building has plans in place to completely restore it to it’s full potential. Tons of upside as a long-term investment. 1074-1080 Summit Avenue has 2 fully gutted retail spaces and 6 residential apartments. The two commercial spaces feature lofted ceilings and easily rentable and both desirable sizes for the neighborhood. One apartment is vacant and is gutted with plans for a new remodel. Five apartments are below-market rentals with long-term upside for increases. There is a parking lot with four tandem spots allowing up to eight car parking. The building is located close to many major commuting routes and an up-and-coming shopping/dining area. Great for both an owner/user or as an investment opportunity.

Neighborhood

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1074-1080 SUMMIT AVE New Jersey

Description

Incredible opportunity to own an 8 unit building located in the heart of Jersey City Heights. This building has plans in place to completely restore it to it’s full potential. Tons of upside as a long-term investment. 1074-1080 Summit Avenue has 2 fully gutted retail spaces and 6 residential apartments. The two commercial spaces feature lofted ceilings and easily rentable and both desirable sizes for the neighborhood. One apartment is vacant and is gutted with plans for a new remodel. Five apartments are below-market rentals with long-term upside for increases. There is a parking lot with four tandem spots allowing up to eight car parking. The building is located close to many major commuting routes and an up-and-coming shopping/dining area. Great for both an owner/user or as an investment opportunity.

Neighborhood

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