47 Grant Ave, Jersey City, NJ 07305

Good condition 6 unit apartment building with long term steady tenants. Brick construction. Current landlord did many updates. $57k gross income, $37k/yr net income. Recent green card good until 2012. Good income relative to price. Cash flow can be further improved by separating the heating system. Close to schools and major transporation. Alot of new construction in the area. Priced for a quick sale. Very solid investment opportunity. Neighborhood Description This property is only a short distance away from the light rail and shopping and transportation. This property allows you as a landlord, to have transportation, shopping, and schooling for your residents, meaning, you will have low tenant turn-over and happy tenants.