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!
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
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