CALLING ALL INVESTORS! A RARE OPPORTUNITY TO OWN A BRICK, 20-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED BETWEEN ZABRISKIE & GRIFFITH STREETS. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST STEPS TO NYC BUS STOP. THE BUILDING CONSISTS OF 1 STUDIO, 15 1-BRM, & 4 2-BRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY 19 UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE. ALL TENANTS ARE MONTH TO MONTH & IN ADDITION TO REGULAR RENT, THE OWNER COLLECTS $3,023/MONTH FROM T-MOBILE TOWERS GROSSING $185,980 ANNUALLY. SOME APARTMENTS NEED UPDATING, BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 7 YEARS OLD & THE BOILERS ARE IN GOOD CONDITION. GREAT OPPORTUNITY FOR INVESTORS SEEKING TO INCREASE THEIR RENTAL PORTFOLIO OR FOR A 1031 EXCHANGE. RENT ROLL & INCOME/EXPENSES ARE AVAILABLE UPON REQUEST. MOTIVATED SELLER. DON'T MISS THIS ONE! TEXT/CALL LA, JAY FOR MORE DETAILS.
Listing Agent: Janusz Gajda Courtesy of: RE/MAX Home Experts Office phone: (973) 777-4663 The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than New Jersey MLS are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. 2021 New Jersey Multiple Listing Service, Inc. All rights reserved. Updated: 6th December, 2021 4:18 PM