GREAT 3 UNIT INVESTMENT OPPORTUNITY!! 7% cap rate based on CURRENT rents. You won't find another cap rate this high based on actual rents anywhere else in Jersey City. Units 1 and 2 railroad style apartments feature 3bed/1bath and the 3rd floor attic unit features 1bed/1bath. The property includes 3 boilers, hot water heaters, gas meters, and electric meters. 1 car parking available behind the building. Tenants pay heat, gas, electric. Income and expense report available upon request. Current tenants are month to month.
Off market
$709,800
65 Claremont Ave, Jersey City, NJ 07305
7beds
2,623sqft
MultiFamily
Built in 1900
-- sqft lot
$709,800 Zestimate®
$271/sqft
$2,312 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Full
Interior area
- Total interior livable area: 2,623 sqft
Property
Parking
- Total spaces: 1
Features
- Exterior features: Vinyl
Lot
- Size: 2,056 sqft
Details
- Parcel number: 0623302000000001
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other-See Remarks
Materials
- Frame
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Jersey City
HOA & financial
Other financial information
- Total actual rent: 3550
Other
Other facts
- HeatingYN: true
- Basement: Full
- Exclusions: all personal belongings
- ArchitecturalStyle: Other-See Remarks
- ConstructionMaterials: Aluminum/Vinyl
- ParkingFeatures: 1 Car, See Remarks
- TotalActualRent: 3550
- Heating: Radiators
- InsuranceExpense: 2171
- Inclusions: All major installed appliances
- MlsStatus: Under Contract
- WaterSewerExpense: 2287
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Estimated market value
$709,800