Mixed-use building with amazing Cap Rate located in the heart of downtown Jersey City. Ground floor has one of best restaurants in downtown Jersey city with long lease. This building contains four renovated - two bedroom apartments all with washer/dryers and air conditioning systems and great rent roll. To top it all off the city just approved an additional unit can be added to this stunning building to make it five market value units. There is also four separate parking spots for added income . Just blocks from Grove PATH station and minutes from Holland Tunnel. Conveniently located near supermarkets, parks, restaurants, banks, 24-hour convenience stores, entertainment, etc. Each unit has separate boiler, hot water tank, gas and electric meters. This is truly an investor's dream
Off market
$1,952,300
357 7th St, Jersey City, NJ 07302
8beds
750sqft
MultiFamily
Built in ----
-- sqft lot
$1,952,300 Zestimate®
$2,603/sqft
$5,205 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Electric
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
Features
- Flooring: Hardwood
- Basement: Full
Interior area
- Total interior livable area: 750 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 2,500 sqft
Construction
Type & style
- Home type: MultiFamily
Community & neighborhood
Location
- Region: Jersey City
HOA & financial
Other financial information
- Total actual rent: 12600
Other
Other facts
- Heating: Electric
- HeatingYN: true
- CoolingYN: true
- Basement: Full
- Exclusions: Personal Property
- ConstructionMaterials: Brick
- ParkingFeatures: Detached, 3+ Cars
- WaterSewerExpense: 3000
- Cooling: Wall Unit(s)
- TotalActualRent: 12600
- InsuranceExpense: 5000
- OtherExpense: 7000
- MlsStatus: Active
- ListPriceLow: 2350000
- TaxAnnualAmount: 16141
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,952,300
2% more+ $39,046
With Zillow Showcase(estimated)
$1,991,346