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15 unit + Retail Investment opportunity. Solid, 4 Story Brick building with 11 one Bedroom units & 4 Studios. Sale includes additional parcel of a 5,000 sqft parking lot w/ potential to construct 4-5 story residential building. Total lot size equals 13,125 which open up additional development possibilities.All units have been upgraded and have separate utilities
6 units with all tenants month to month. Very easy to rent to professions. Transportation to NYC easily accessible. Preferred showings on Saturdays. Real estate taxes: $8340.00 Insurance:$3100.00 Water: $3000.00 Superintendent $1200.00 Heat and gas : $5000.00 Total Annual Expense: $20,640.00 Total Gross Income: 69,600.00 NET Income: $48,960.000 jersey city NJ Rents : apt 1 900 apt 2 850 apt 3 900 apt 4 900 apt 5 1100 apt 6 1150 Call Listing Agent for details : Evans Jones 1-646-331-6631
3 family property in need of rehab but lots of potential for a landlord. 30 minute commute to NYC. You easily increase bedroom count to increase rents and increase value. Finish the basement and increase the value even more! Basement has separate entrance. Call Listing Agent for information and showings. TLC Needed. Property Has 6 Bedrooms presently. Can upgrade to 9 to 10 Bedrooms. Potential rents $45,600 per year.
Terrific 4 Family Investment on Great JC Heights Block off of Kennedy Blvd. Well Maintained Detached Building on Large Lot. All Utilities are separate. Hardwood Floors and Tiled Kitchens. High Ceilings. Ceiling Fans. All Units have Nice Light. Full Basement. Large Yard. Leases are short term or month to month. Room for Improvements on Rent.
SOLID BRICK 4 Family with STRONG income POTENTIAL in the heart of desirable downtown Jersey City. The building faces bustling Newark Avenue and is situated blocks from the Grove Street PATH. Nice Yard. Full Basement. BASEMENT- Full, Unfinished SHOWING-Call listing office, HEATING/COOLING-Oil, A/C Window, A/C Wall, Electric, Radiators, Steam BUILDING STYLE-Row House PARKING AVAILABLE-None EXTERIOR FINISH-Brick 2 of the 4 apartments are currently rented, for $1220/mo and $1330/mo
Marcus & Millichap is proud to present a 16 unit, brick Single Room Occupancy property located in Journal Square. The building is currently being operated as a rooming house but is zoned for four unit multi-family building. This has the advantage of providing a buyer with an income producing asset today with the expectation of cashing in on future appreciation of the area tomorrow. Rooming and Boarding house licenses are no longer being issued for Jersey City.
Marcus & Millichap is please to present a 25 unit Rooming House in the Heights section of Jersey City. Rooming and Boarding House Licenses are no longer being issued in Jersey City creating a high-barrier to entry for these high cash-flowing assets.
New Construction featuring two units: Unit 1 3bd/2.5 bath duplex unit with spiral stairs Unit 2: 3bd/2 bath. Both units feature hardwood floors, cherry cabinets, granite countertops. Home has Brick and hardy board siding exterior with two car garage.
In the highly sought-after Heights section of Jersey City, NJ, this two-story, 10,750± square foot retail building with stable street level retail tenants has approvals in-place for 25 multifamily units to be constructed above the ground floor retail. The second floor has already been vacated in anticipation of the redevelopment, and with the addition of two floors, as allowed by the entitlement, this will be a relatively simple yet lucrative project for a developer to take on. This is an excellent opportunity for potential investors/developers to gain a foothold in one of the trendiest areas in Jersey City, which is establishing itself as a popular alternative to New York City urban living. This redevelopment takes advantage of the growing multifamily demand in this hot, low vacancy market, which will undoubtedly multiply in the coming years. The moderate construction costs associated with this project will appeal to many types of investors, whether it be a first time or seasoned developer looking to break into The Heights market or a local owner looking to add to their portfolio, all the while reaping an in-place income stream from the existing retail tenants.
Meticulously maintained building consisting of 4 residential & 2 commercial units w almost 8% CAP rate or almost $100K annual net profit. 3 of 4 residences used as corporate furnished rentals. 4th to be converted to corporate when tenant vacates. Rent roll would increase another $10K a yr. Forget painting & damages, with corporate rentals tenant move in with a suit case. Building is located 1 block from lightrail. Building was gut-rehabbed in 2004. Hurry as cash cows like this don't come often. For a financial breakdown of income and costs or to arrange a showing