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

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.