Here is a property to speak to your partners about.
This is a clean 3Family building with updating needed but not mandatory. Purchase at full price $354,900..Taxes being $4,100
--the building takes care of itself for holding purposes. Owner is not renting the property. -- I would venture to say $2,700-$2,800 can be collected a month in the current condition.
This will be a million dollar property as it is the last remaining waterfront area in Jersey City. Look how close it is to the Liberty Science Center.
25x100 full buildable lot size Bedrooms 2 -- 3 --3 Separate utilities.
Here is a link for further information. LIBERTY STATE PARK EXPANSION PROJECT
http://www.nj.com/hudson/index.ssf/2015/01/liberty_science_center_announces_230_million_expan.html
Off market
$1,000,800
0 Last Remaining Waterfront Property, Jersey City, NJ 07304
8beds
3baths
--sqft
MultiFamily
Built in ----
-- sqft lot
$1,000,800 Zestimate®
$--/sqft
$3,258 Estimated rent
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Get a cash offer in 3 minutes
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Estimated market value
$1,000,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,000,800