Smart Investment Opportunity - New Jersey

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of PURE PROPERTIES (201-942-6234)
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Location

236 NEW YORK AVE
Jersey City NJ 07307
Cross street:Corner of New York Ave & Griffith St

Property

Ownership: For Sale
Pets: No Pets

Financials

Price: $2,150,000

Description

Smart Investment Opportunity. This legal 7 family home consists of Six 2 Bed/1 Baths and One 3 Bed/2 Bath w/Garage Carriage House. All rents are registered with the city at market rent, tenants are a combination of M-M and 1 year lease. The property has a brand new Green Card, with 5 years remaining. The Carriage Home was just completely gut renovated, some of the 6 units have been updated as well. There is opportunity for future improvement with some of of the 2 bedroom renovations as well as things like W/D room or Storage. Total current RR for the six units is 94,020 and projected for the carriage is 36,000 annually. Total Expenses are 24,000. NOI 106,020, Equals a 5 CAP. One Block from River view Park and 3 blocks from 2nd St Light Rail make this a highly rent-able property and location.

Neighborhood

More listings: The Heights

The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the Hudson County MLS. Real estate listings held by brokerage firms other than Nest Seekers, LLC are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.