A rare investment opportunity to own a 3 family on the border of JSQ and JC Heights within walking distance to JSQ PATH

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of WEICHERT REALTORS (201-333-4443)
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Location

83A PALISADE AVE
Jersey City NJ 07306
Cross street:Rt 139 and fleet

Property

Ownership: For Sale
Type: Multi-Family
Rooms: 3
Bathrooms: 3
Pets: No Pets

Financials

Price: $600,000

Description

A rare investment opportunity to own a 3 family on the border of JSQ and JC Heights within walking distance to JSQ PATH. All unis are in good condition and can be rented without additional repairs at the following ESTIMATED rates: $1400 for the top unit (vacant, last tenant paid $1400), $1600 for the middle unit (currently on a lease at $1400 till 01/31/2018) and $1500 for the bottom unit (currently occupied by a family member for free). All units are large (appr. 1000sf) railroad units with a window and a closet in EACH room and with tiled baths. Units #2 and #3 have an identical layout but unit #3 has no doors between the rooms (doors can be easily added). Unit #1 has a back porch and a backyard access. Full basement with half bath and laundry is accessible from the common hallway. Separate meters for cooking gas and electric. Owner pays heat and how water for the building. Extra deep lot and great location make this home a savvy investment.

Neighborhood

More listings: The Heights

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