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109 Hutton St

Jersey City, Heights, NJ 07307
  • $2,549,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 220012725
UPDATED: 8 min ago
$2,549,000
  • 0
    BEDS
  • N/A
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Investors Dream boosting over a 5.9% Cap rate. Here is your opportunity to own an amazing 12 unit already renovated investment building in the hottest area of Jersey City, the Heights. It is located on one of the most convenient streets & truly in the Heart of the Heights. The units have been renovated in the last 2 years, featuring new kitchens, bathrooms, flooring, painting, and more. They are all 1 bedroom units ranging from 450-500 sq ft with a couple different floor plans. Separate utilities for all the units which gives the new owner great short term or long term options. The building is super clean, income producing, with very low vacancy rate and would be a great long term buy & hold option as this building is cash flow positive from Day ONE. Another option would be to buy and as the renters start to vacate the building you can convert to condos.. Again, super solid investment opportunity with different buying options to achieve your short and long term goals. Schedule an appointment today and you can add this this amazing building to your investment portfolio.

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© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-10-02T09:25:52.463.
www.bestofhobokenhomes.com/homes/130844927
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109 Hutton St Jersey City, Heights, NJ 07307

  • Price: $2,549,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 8 min ago
  • MLS #: 220012725
0
Beds
12
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Heights
County:
Hudson
Area:
Jersey City, Heights
Property Description
Investors Dream boosting over a 5.9% Cap rate. Here is your opportunity to own an amazing 12 unit already renovated investment building in the hottest area of Jersey City, the Heights. It is located on one of the most convenient streets & truly in the Heart of the Heights. The units have been renovated in the last 2 years, featuring new kitchens, bathrooms, flooring, painting, and more. They are all 1 bedroom units ranging from 450-500 sq ft with a couple different floor plans. Separate utilities for all the units which gives the new owner great short term or long term options. The building is super clean, income producing, with very low vacancy rate and would be a great long term buy & hold option as this building is cash flow positive from Day ONE. Another option would be to buy and as the renters start to vacate the building you can convert to condos.. Again, super solid investment opportunity with different buying options to achieve your short and long term goals. Schedule an appointment today and you can add this this amazing building to your investment portfolio.
Exterior Features

Covered Parking No Lot Size 25 X 97 Number Parking Spaces 0 Stories 4

Interior Features

One Bedrooms 12 Sprinklers Wet

Property Features

Commercial Type Investment Easements No Elevators No Flood None Fuel Gas Green Card Yes Gross Income 209208 Handicap Access No Internet Yes Lead Paint Form Yes Mixed Use No Operating Expenses 37500 Taxes 26446

Listing provided courtesy of Liberty Realty Llc:201-222-2900.


© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-10-02T09:25:52.463.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030