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$ 3,000,000
Est. payment | /mo
8 Baths
$ 3,000,000
Est. payment | /mo
8 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010580
Full Baths 8
Annual Tax Amount $23,230
Lot Dimensions 25X100
Property Sub-Type Investment
Property Description
Exceptional 8-unit multifamily investment opportunity in the highly sought-after Jersey City Heights section. This income-producing asset features eight residential units with strong in-place cash flow and significant upside potential. Several units are currently rented below market, creating a compelling value-add opportunity for investors seeking to increase revenue through strategic renovations and rent optimization. Current annual gross income is approximately $169,700 with a current NOI of approximately $129,272. Pro forma projections indicate the potential to increase annual gross income to approximately $225,900 and NOI to approximately $185,471 upon renovation and stabilization. Projected cap rate of approximately 6.18%. Ideally located near public transportation, shopping, restaurants, parks, and major commuter routes, providing strong tenant demand and long-term appreciation potential. Whether you're looking to expand your portfolio or acquire a value-add multifamily asset in one of Hudson County's most desirable rental markets, this property offers an outstanding opportunity. Financial information is deemed reliable but not guaranteed. Buyers are encouraged to perform their own due diligence.
Location
State NJ
County Hudson
Area Jc Heights
Listed by XENTRY PROPERTY GROUP LLC
NEARBY SCHOOLS & PROPERTIES
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Beata Lagares
Agent | License ID: 1862650