419 5th St, Hoboken, NJ 07030

Great opportunity for investors yielding an approx. 6% cap rate. Units A & B are duplex units. This property has the potential for a great upside to upgrade the rental units or as a Condo-Conversion. Also has a value for a private homeowner to renovate as a Single-Family Home. The existing three-story brick building's interior was gutted and replaced with completely new interior framing and all new kitchens and bathrooms in the 1990's. New roof and new basement water proofing were also installed. The $12,450.00 monthly rent roll is legal rent and is registered with the Hoboken Rent Control Office. A vacancy decontrol of 25% rent increase is available on July 1st.