Description
Beautiful mixed commercial residential property centrally located in the heart of Jersey City in a busy intersection. The property includes two commercial units on the ground level , 4 2-bedroom apartments and an office space adjacent to the building with a separate entry. All the apartment units are rented including the ground level commercial spaces (Papa Johns& Grand Smoke Shop). The utilities are separate. This is a great opportunity to own this investment with a gross income of $114,180 per year and a potential CAP Rate of 6%. Property is being sold "as is". A Approved Plans just steps away at 417 Communipaw ave and to build a 17 Story tower consisting of 420 units. and 7,245 of retail space along with a 22,000 square ft recreation center.
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0BEDS
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N/AACRES
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4BATHS
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21/2 BATHS
School Ratings & Info
Description
Beautiful mixed commercial residential property centrally located in the heart of Jersey City in a busy intersection. The property includes two commercial units on the ground level , 4 2-bedroom apartments and an office space adjacent to the building with a separate entry. All the apartment units are rented including the ground level commercial spaces (Papa Johns& Grand Smoke Shop). The utilities are separate. This is a great opportunity to own this investment with a gross income of $114,180 per year and a potential CAP Rate of 6%. Property is being sold "as is". A Approved Plans just steps away at 417 Communipaw ave and to build a 17 Story tower consisting of 420 units. and 7,245 of retail space along with a 22,000 square ft recreation center.
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Data last updated: 2023-03-31T12:26:18.843.