Description
Welcome to 68 Lexington Ave- a beautifully maintained three-family property that perfectly blends stable income production with premier commuter convenience. Situated in one of Jersey Citys most dynamic and appreciating corridors, this turnkey asset delivers both immediate cash flow and strong future growth potential. Currently generating $69,000 in annual gross rent from three fully occupied, month-to-month units, the property offers dependable income and the flexibility to reposition for even stronger returns. Representing a 6% cap rate at the $899,000 list price and the ability to reach a 7%+ with initial rent adjustments.
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8BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
School Ratings & Info
Description
Welcome to 68 Lexington Ave- a beautifully maintained three-family property that perfectly blends stable income production with premier commuter convenience. Situated in one of Jersey Citys most dynamic and appreciating corridors, this turnkey asset delivers both immediate cash flow and strong future growth potential. Currently generating $69,000 in annual gross rent from three fully occupied, month-to-month units, the property offers dependable income and the flexibility to reposition for even stronger returns. Representing a 6% cap rate at the $899,000 list price and the ability to reach a 7%+ with initial rent adjustments.
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Data last updated: 2025-12-14T10:25:33.613.