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)


Jersey City NJ 07307
Cross street:Corner of New York Ave & Griffith St


Ownership: For Sale
Pets: No Pets


Price: $2,150,000


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.


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