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6 units with all tenants month to month. This building is a diversified investor's dream and will not last. Preferred showings on Saturdays. Real estate taxes: $8340.00 Insurance:$3100.00 Water: $3000.00 Superintendent $1200.00 Fuel: $4800.00 Utilities: $4500 Total Annual Expense: $24,940.00 Total Gross Income: 62,400.00 NET annual Income: $37,460.000jersey city NJ
Solid Brick 4 Family in the heart of downtown with Huge Potential. 50% occupied with rents well below market With basic renovations gross annual rent is approx $84K. With major renovations gross annual income can be approx $120k. Contact for more information. Building being delivered "as is". Ground floor can be converted to commercial earning $40/sq ft. Current building foot print is 20x40 but up to 80% of lot coverage three levels high is allowable per JC Zoning. lot 23 x 95 Taxes: approx $12K. Separate Electric, Central Heat.
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.
Excellent investment opportunity right off bustling West Side Ave, St. Peter's University, and Lincoln Park. This fully renovated, mixed-use property features: - (4) 2BR/1BA apartments - (2) retail/office spaces (storefronts) - Total of 6 units - All separate utilities (separate electricity, gas, heat, hot water) - No rent control - Fully renovated in 2013 - Fully leased with a rent roll of $91.5K, Net Income of $71K (see attached financial statement for details) - apartments are loft-like - new bathrooms and kitchens with stainless appliances, hardwood floors, separate utilities - both storefronts are fully renovated - one a hair salon, the other a daycare center - landscaped backyard, currently shared by commercial See attachments section for detailed financial information and floor plans.
INVESTMENT OPPORTUNITY IN THE HEART OF THE RIVERVIEW ARTS DISTRICT OF JC HEIGHTS. BUSY CORNER LOCATION. PROPERTY FEATURES TWO THREE BEDROOM APARTMENTS AND APPROX 1200 SQFT OF RETAIL SPACE. SEP UTL AND SPACIOUS BOXED ROOM LAYOUT. CONVENIENT LOCATION NEAR PATH, LIGHT RAIL, NYC BUS, HOBOKEN, SCHOOLS, PARKS AND SHOPPING. PERFECT OPPORTUNITY FOR BUSINESS OWNER OR INVESTOR.
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
Corner, 3-story brick building. 1st floor features large retail store space with big windows and possible second retail or office at rear with separate entrance. Upper floors have two studio and two 3-bedroom residential apartment spaces. Basement. Needs repairs to complete.
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