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Description

Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.

Features

Heating System : Baseboard - Cast Iron, 1 Unit
Cooling System : Wall A/c Unit(s), Window A/c(s)
Basement : Walkout, Storage, Finished
Roof Deck : Asphalt Shingle
Tax Assessed Valuation: 657000
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Gas-Natural

Additional Info

Office Name: REALTY ONE GROUP PARAMOUNT
Office MLS ID: 5974
Agent ID: 305511
Tax: 14762
Tax Year: 2023
Application Fee: $0
Zoning: R-1

Commercial For Sale

For Sale

$1,399,999

200 Lembeck Ave, Jersey City, *

41.25 Acre
Built Year 1926

Details

Property Type: Commercial
Listing Type: For Sale
Listing ID: 5324223
Price: $1,399,999
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1926
Year Built Description: Renovated
Lot Area: 41.25 Acre
Status: Active
Days On Market: 34

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Hudson
City Jersey City
Zipcode *
Street: Lembeck Ave
Street Number: 200
Street Direction: 200 LEMBECK AVE JERSEY CITY,07305
Floor Number: 0
Longitude: W75° 54' 17.7''
Latitude: N40° 41' 49.1''
Internet Display Address: No