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Previous Description:
Calling All Investors/Builders!! Beautifully Renovated Turn Key Investment Opportunity with a 3.5% Cap Rate in Downtown Jersey City on a 25 x 100 lot in the Hamilton Park Area with potential for 4th level to be added. No Flood Zone as per FEMA, see pictures. Tenants in both units with new 1 year leases as of July 2023. Above Ground walk-out basement Unit with 1 bed/1 bath, Kitchen, LR and bonus room rents for $2350 per month. Main level unit has LR, DR, Kitchen and full bath and 2nd level has 3 bedrooms and 1 full bath. Go up 1 more level and that has 1 bedroom and 1/2 bath. This unit rents for $4800 per month. Open floor-plan on the main level with exposed brick, decorative fire places and a big kitchen with granite counter-tops and stainless steel appliances with gas stove. Washer and dryer is located on the 2nd floor. Hardwood floors throughout. Both units have shared access to the huge backyard. Parking in Street. House is 4 short blocks from the Grove St PATH and Newark Ave pedestrian area. Bring your highest and best offers! Showings start this weekend and are only on Saturdays and Sundays. Please call listing Agent Melissa Caro for all showing appointments.
Updated Description:
Calling All Investors/Builders!! Beautifully Renovated Turn Key Investment Opportunity with High Rents in Downtown Jersey City on a 25 x 100 lot near Hamilton Park and Waterfront Area with potential for 4th level to be added. No Flood Zone as per FEMA, see pictures. Tenants in both units with new 1 year leases as of July 2023. Lower level Unit with 1 bed/1 bath, Kitchen, LR and bonus room. Main level unit has LR, DR, Kitchen and full bath and 2nd level has 3 bedrooms and 1 full bath. Go up 1 more level and that has 1 bedroom and 1/2 bath. Open floor-plan on the main level with exposed brick, decorative fire places and a big kitchen with granite counter-tops and stainless steel appliances with gas stove. Washer and dryer is located on the 2nd floor. Hardwood floors throughout. Both units have shared access to the huge backyard. Parking in Street. House is 4 short blocks from the Grove St PATH and Newark Ave pedestrian area. Bring your highest and best offers! Showings start this weekend and are only on Saturdays and Sundays.
