1 of 50
Tools
Size
3
Bedrooms
3
Full Baths
Financial
$849,777
Change Currency
$11,558
Annual taxes
Listing Details
Multi Family
Property type
13070599
Web Id
24030285
MLS ID
2
Days Posted
Description
608 Palisade Avenue,
Jersey City,
NJ
07307
Jersey City, NJ 07307
Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps (1 minute walk) to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit is almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer, w/potential to add 1BR/1BA to 1st fl. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."
This is an Active listing.
Broker Office Phone Number: 201-666-0007
Copyright © 2024New Jersey MLS Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 201-666-0007
Copyright © 2024New Jersey MLS Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
9/19/2024 | $849,777 | - | Listed |
Listing By: Howard Hanna Rand Realty, Old Tappan via Data Source: New Jersey MLS Inc.
listing agent: MICHAEL JOO