Michael Joo
This listing was posted on RealtyWW.
$849,777
Palisade Ave, Jersey City, Home For Sale
Price:
$849,777
BR/BA:
3 BR, 3 BA
Location:
608 Palisade Ave, Jersey City, NJ
Description:
Looking for a phenomenal, meticulously maintained, 3 unit multi-family investment or owner-occupied property in desirable, vibrant JC Heights, with an almost never-seen 7.1% CAP RATE? Read on... For starters, a quiet, perfect location that can't be beat. This commuter's dream (and for your tenants) is literally steps (1 minute walk) to the elevator for 9th/Congress St Light Rail, then just 2 stops to Hoboken/NYC PATH. Also many options for commuter vans and NJ Transit buses to NYC, Hoboken/Journal Sq and Downtown JC/Newport Mall. Just 2 blocks to Washington Sq. Park. The expanded 1st floor unit is easily re-purposed as a 2BR/1BA (see floor plan - currently used as 1BR w/ formal DR), and features very generously sized BRs roughly 13' x 13' or 169 SF each, and a modern renovated bathroom. The 2nd floor unit was recently renovated 1 year ago with a beautiful kitchen and modern bath, new floors, dining area and large roughly 13' x 13' BR, plus flexible (Windowed!) bonus den/office/nursery (about 7' x 7' or 50 SF). The 3rd floor unit features an almost identical layout, except it features a generously sized closet as well as a more spacious (also Windowed!) bonus den/office/nursery (about 9' x 7' or 65 SF). The full basement w/high ceiling heights currently has abundant, separate and lockable storage rooms for each unit (one is very large), and washer/dryer for common use. However, it offers tremendous opportunity and potential to add an additional den/BR and bathroom to be combined with the 1st floor unit into a 3BR/2BA, while keeping tenant access to the common laundry via a separate rear basement entrance. The ample backyard space has the potential to be a private or shared garden oasis with BBQ. This is one of those rare no-brainer investments with a potential gross income of $77, 400 and Cap Rate of 7.1%, not to mention a 24' x 100' lot size, larger than most 3-4 families in this price range. Property being sold strictly as is w/ no known conditions. JC Heights is quiet, yet full of such vibrant culture and community, and convenience. Enjoy the diversity and cuisines of critically-acclaimed and renowned restaurants, bakeries, cafes, bars and boutiques opening daily - Bread and Salt, The Hutton, Low Fidelity, Cocoa Bakery, Angel Azul Cafe, and much more.For more details: https://realtyww.info/homes_jersey-city-d524123/for-sale_i76086692
Property Type:
Single-Family Houses
Amenities:
Elevator, Storage, Washer Dryer
Posted:
September 19 on RealtyWW
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More About this Listing: Palisade Ave, Jersey City, Home For Sale
Palisade Ave, Jersey City, Home For Sale is a Three Bedroom 3.5 Bath Single-Family Homes for Sale at 608 Palisade Ave in Jersey City NJ. Find other listings like Palisade Ave, Jersey City, Home For Sale and listings near 608 Palisade Ave by searching Oodle Classifieds for Three Bedroom 3.5 Bath Single-Family Homes for Sale in Jersey City NJ.
Palisade Ave, Jersey City, Home For Sale is a Three Bedroom 3.5 Bath Single-Family Homes for Sale at 608 Palisade Ave in Jersey City NJ. Find other listings like Palisade Ave, Jersey City, Home For Sale and listings near 608 Palisade Ave by searching Oodle Classifieds for Three Bedroom 3.5 Bath Single-Family Homes for Sale in Jersey City NJ.