85 Zabriskie St,Jersey City, NJ 07307
Jersey City, NJ 07307
Description
Exceptional investment opportunity in the highly desirable Jersey City Heights section. This 8-unit multifamily property offers immediate cash flow with substantial upside through the renovation and repositioning of under-market units. Current gross rental income is approximately $169,700 annually, with the potential to increase to over $225,900 annually after renovating Units 2, 5, and 7. At an offering price of $2,700,000, the property is operating at an estimated 4.79% cap rate with the potential to achieve an estimated 6.87% pro forma cap rate. Investors will appreciate the strong rental demand, proximity to transportation, shopping, dining, and continued growth throughout Jersey City Heights.Property is being sold as-is. Buyer to perform their own due diligence regarding income, expenses, rents, permits, and future projections.
Details
| MLS # | 260010609 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 116 |
| Listing Provided By | XENTRY PROPERTY GROUP LLC | LUIZ BENTO |
Features
Exterior
| Exterior Finish | Aluminum/Vinyl |
|---|
Parking
| Parking Available | None |
|---|
Taxes
| Property | 23230 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Hudson |
| City | Jersey City |
| Zip Code | 07307 |
| Area | JC | Heights |
| Subarea | JC | Heights |
| Community Name | Heights |
| Listing VS Median (in Heights) | |
Price: $2,700,000 low | high Med: $499,000 On site: 116 low | high Med: 81 | |
Market Activity 07307
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Learn More About This Property
| State | NJ |
|---|---|
| County | Hudson |
| City | Jersey City |
| Zip Code | 07307 |
| Area | JC | Heights |
| Subarea | JC | Heights |
| Community Name | Heights |
| Listing VS Median (in Heights) | |
Price: $2,700,000 low | high Med: $499,000 On site: 116 low | high Med: 81 | |
