608 Palisade Avenue
Jersey City, New Jersey
$849,777 Price
3 Bedrooms  

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...

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.

Listing courtesy of Howard Hanna Rand Realty Old Tappan, Michael Joo 2016660007

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Jersey City, New Jersey
Type:
Price: $849,777
Date Listed: 9/18/2024
Last Updated: 9/27/2024
Web ID: 324030285

Info & Amenities

Rooms: 15.0
Bedrooms: 3
Bathrooms: 3.0

Map of Area for 608 Palisade Avenue

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