61 BEACON AVE, JC, Heights, New Jersey, 07306

61 BEACON AVE
JC, Heights NJ 07306

Property

Ownership: For Sale
Type: Multi-Family
Rooms: 2
Bedrooms: 8 BR
Pets: Pets Allowed

Financials

Price: $1,275,000
Annual Taxes: $2,020
140 Bay St, Suite 1 Jersey City, NJ 07302
Courtesy of GRID REAL ESTATE LLC ()

Description

GRID Real Estate, LLC, (“GRID”), has been exclusively engaged by 61 Beacon Ave, LLC., (the “Owner”), to sell 61 Beacon Avenue, Jersey City, NJ 07306 the “Property”. The building is approximately ~3,871 square feet on three and half (3.5) floors over one (1) garden apartment. The property sits detached on an irregular ~1,932 square foot lot. The garden unit has over ~1,000 square foot of renovated outdoor space with private entrance in back of building with second egress into first floor foyer. Current ownership has owner-occupied for the past 7 years. The building has undergone a complete capital improvement project modernizing layouts, upgrading utilities for each unit + house meter, complete kitchen/bathroom remodeling on all units, installed high-efficiency Navien boilers, upgraded all units with new Samsung appliances and all but unit 3 has washer/dryer in unit. Top floor attic was renovated into a duplex unit and the significant upgrades done to the garden unit include custom carpentry, mounted flat 48" Samsung screen, (3) Google Wifi Routers, (3) Nest Camera's, waterfall shower, California closet system and Fujitsu HVAC make it a truly remarkable apartment. This trophy asset throws off $86,700.00 a year in cash flow and with newly reduced taxes and lease expirations through Q4 of 2021 you can guarantee uninterrupted cash flow for the future. Current. All tenants have individual agreements with neighboring property owner for gated outdoor parking spaces.

Neighborhood

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61 BEACON AVE Multi-Family New Jersey

Description

GRID Real Estate, LLC, (“GRID”), has been exclusively engaged by 61 Beacon Ave, LLC., (the “Owner”), to sell 61 Beacon Avenue, Jersey City, NJ 07306 the “Property”. The building is approximately ~3,871 square feet on three and half (3.5) floors over one (1) garden apartment. The property sits detached on an irregular ~1,932 square foot lot. The garden unit has over ~1,000 square foot of renovated outdoor space with private entrance in back of building with second egress into first floor foyer. Current ownership has owner-occupied for the past 7 years. The building has undergone a complete capital improvement project modernizing layouts, upgrading utilities for each unit + house meter, complete kitchen/bathroom remodeling on all units, installed high-efficiency Navien boilers, upgraded all units with new Samsung appliances and all but unit 3 has washer/dryer in unit. Top floor attic was renovated into a duplex unit and the significant upgrades done to the garden unit include custom carpentry, mounted flat 48" Samsung screen, (3) Google Wifi Routers, (3) Nest Camera's, waterfall shower, California closet system and Fujitsu HVAC make it a truly remarkable apartment. This trophy asset throws off $86,700.00 a year in cash flow and with newly reduced taxes and lease expirations through Q4 of 2021 you can guarantee uninterrupted cash flow for the future. Current. All tenants have individual agreements with neighboring property owner for gated outdoor parking spaces.

Neighborhood

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