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497 West Side Ave

Jersey City, West Bergen, NJ 07304
  • $1,300,000
  • STATUS: Active
  • ON SITE: 119 Days
  • MLS #: 230017782
Price Reduced
UPDATED: 17 min ago
$1,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

FIRST OPEN HOUSE, Saturday 2/24 12:30-1:30pm! PRICE REDUCTION: $1,300,000! 7.45% cap rate for this renovated mixed-use building on the corner of West Side and Williams Ave, six blocks away from LINCOLN PARK! Cap rate takes into consideration all expenses, even super/management and miscellaneous costs. It's 4 residential units over 2 commercial units (financial services and mailbox rentals) + two-car parking behind the building. Separate utilities. A few small changes could increase cap rate to over 8.9%. BONUS: since it's located in the Neighborhood Commercial zone, you could build an additional two stories for a total of five. The single family adjacent to this property if also for sale, for an additional: $395,000. It also falls within the Neighborhood Commercial zoning. Please reach out for further details. Virtual Tour of two units available!

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© 2024 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: 2024-02-28T21:26:53.07.
www.bestofhobokenhomes.com/homes/144858138
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497 West Side Ave Jersey City, West Bergen, NJ 07304

  • Price: $1,300,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 17 min ago
  • MLS #: 230017782
0
Beds
4
Baths
2
½ Baths
N/A
Acres
Neighborhood:
Jersey City, West Bergen
County:
Hudson
Area:
Jersey City, West Bergen
Property Description
FIRST OPEN HOUSE, Saturday 2/24 12:30-1:30pm! PRICE REDUCTION: $1,300,000! 7.45% cap rate for this renovated mixed-use building on the corner of West Side and Williams Ave, six blocks away from LINCOLN PARK! Cap rate takes into consideration all expenses, even super/management and miscellaneous costs. It's 4 residential units over 2 commercial units (financial services and mailbox rentals) + two-car parking behind the building. Separate utilities. A few small changes could increase cap rate to over 8.9%. BONUS: since it's located in the Neighborhood Commercial zone, you could build an additional two stories for a total of five. The single family adjacent to this property if also for sale, for an additional: $395,000. It also falls within the Neighborhood Commercial zoning. Please reach out for further details. Virtual Tour of two units available!
Exterior Features

Covered Parking No Lot Size 25.02 X 72.79 Number Parking Spaces 2 Stories 3

Interior Features

One Bedrooms 2 Two Bedrooms 2

Property Features

Commercial Type Investment Easements No Elevators No Fuel Gas Green Card Yes Gross Income 125544 Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 14316 Rent Control No Taxes 14520

Listing provided courtesy of IPRG NJ LLC:718-360-5749.


© 2024 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: 2024-02-28T21:26:53.07.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030