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Sold for $670,000 on 06/18/24
  • $670,000

    565 Ocean Ave, Jersey City, NJ 07305

    9beds
    --sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $926,300 Zestimate®
    $--/sqft
    $2,043 Estimated rent

    What's special

    THIS IS THE ONE YOU’VE BEEN WAITING FOR! Amazing 3-family opportunity in Jersey City. Perfect for homeowners seeking income or investors seeking a turnkey property, with low taxes, low overhead, and a healthy rent roll, this property has the potential to yield up to a 9% cap rate! This home offers 3 beautiful, spacious units with all separate utilities. Each unit offers an impressively sized living room with an adjoining bonus room. This area can function as a dining room, guest quarters, office, playroom, etc. All the units have open concept kitchens with great storage and counter space, 3 generous bedrooms and a full bath. Unit 1 also includes an en suite powder room within Its primary bedroom. The unfinished basement has utility and storage areas. The current asking rents are $2000 (unit 1) and $2200 (units 2 & 3). Unit 3 is currently vacant, offering a great option for owner occupants to move right in! Excellent location, with shops, restaurants, banks, and more at your fingertips. Commuters can take advantage of bus lines running along Ocean Avenue, and light rail stations within half a mile. This income-generating property won't last long! see your future investment come to life, don’t let this one get away!

    Zillow last checked: 7 hours ago

    Listing updated: June 19, 2024 at 05:07pm

    Listed by:

    HILLEL WEINBERGER,

    NATIONWIDE HOMES 908-662-5258

    Bought with:

    , 1968455

    NATIONWIDE HOMES

    Source: HCMLS,MLS#: 240006568

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished

    Property

    Parking
    • Parking features: See Remarks
    Details
    • Parcel number: 0623501000000041
    • Land lease expiration date: 1718841600000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    Materials
    • Aluminum Siding, Brick, See Remarks

    Community & neighborhood

    Location
    • Region: Jersey City
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $926,300

    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

    $926,300