450-452 Palisade Avenue,Jersey City, NJ 07307
Jersey City, NJ 07307
Description
Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area’s most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control - Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location - Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts - Highly desirable floor plan***Current Gross: $155,160 ***Potential Gross: $244,800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.
Details
| MLS # | 101821TH |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 425 |
Features
| Property View | None |
|---|
Interior
| Rooms | 0 |
|---|
Taxes
| Retaxes | 28441 |
|---|
Area Information
| State | NJ |
|---|---|
| City | Jersey City |
| Zip Code | 07307 |
| Area | JC |
| Community Name | JC |
| Listing VS Median (in JC) | |
Price: $2,100,000 low | high Med: $0 On site: 425 low | high Med: | |
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Learn More About This Property
| State | NJ |
|---|---|
| City | Jersey City |
| Zip Code | 07307 |
| Area | JC |
| Community Name | JC |
| Listing VS Median (in JC) | |
Price: $2,100,000 low | high Med: $0 On site: 425 low | high Med: | |
