608 Palisade Avenue
Jersey City, NJ 07307
3 beds | 3 baths | #24030285
Description
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."
Interior Details
- Heating & CoolingGas
Beds & Baths
- Bedrooms3
- Bathrooms3
Property Details
- ViewEast, NY View, West
- Lot DescriptionRegular
Construction Details
- Basement DescriptionWasher/Dry, private, lockable storage units, separate entrance to rear
- BasementBin/Storage, Full, Grd Lv Acces
- Property TypeMulti-Family
- Style3 Family
- SubstyleTop/Btm
Condition
- Year Built1900-1939
Community and Neighborhood Details
- LifestyleClose/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
- CountyHUDSON
Financial Details
- Taxes Annual$11,558
Other
- OwnershipPrivate
Source
- MLS #24030285
Location
Legal
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 Abigail Maldonado 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. Last date updated: 01/09/2023
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Last Updated: . Source: NJMLS
Listing Courtesy
Listing Agent: Michael Joo (#1007161), Phone: (201) 284-9009
Listing Office: Howard Hanna Rand Realty, Old Tappan (#247412)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.