608 Palisade AVE Under Contract

Jersey City,NJ 07307

$ 849777

3 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 24030285

Style 3 Family

Bedrooms 3

Full Baths 3

Annual Tax Amount $11,558

Property Description

OFFER ACCEPTED - NO more showings. 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 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 almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer. 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."

Location

State NJ

County Hudson

Area Jersey City

Rooms

Basement Washer/Dry, private, lockable storage units, separate entrance to rear

Interior

Heating Gas

Fireplaces Type None

Laundry Basement

Exterior

Exterior Feature Aluminum,Brick

Garage None

Utilities Available Sep Elec,Sep Gas

Waterfront Description None

View East,NY View,West

Building

Lot Description Regular

Others

Senior Community No

Ownership Private

Miscellaneous Hdwd As In

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