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$2,700,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010609
Annual Tax Amount $23,230
Tax Year 2025
Lot Dimensions 25x100
Property Sub-Type 4 Family
Property Description
Exceptional investment opportunity in the highly desirable Jersey City Heights section. This 8-unit multifamily property offers immediate cash flow with substantial upside through the renovation and repositioning of under-market units. Current gross rental income is approximately $169,700 annually, with the potential to increase to over $225,900 annually after renovating Units 2, 5, and 7. At an offering price of $2,700,000, the property is operating at an estimated 4.79% cap rate with the potential to achieve an estimated 6.87% pro forma cap rate. Investors will appreciate the strong rental demand, proximity to transportation, shopping, dining, and continued growth throughout Jersey City Heights.Property is being sold as-is. Buyer to perform their own due diligence regarding income, expenses, rents, permits, and future projections.
Location
State NJ
County Hudson
Area Jc Heights
Rooms
Basement None
Interior
Heating A/C Central, Hot Air, A/C Wall, Baseboard, Other-See Remarks
Cooling A/C Central, Hot Air, A/C Wall, Baseboard, Other-See Remarks
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features None
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Listed by XENTRY PROPERTY GROUP LLC
Nearby Locations
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