347 7th Street, Jersey City, NJ 07302 United States

Cap Rate

3.77%

NOI

$116,852

Pro Forma Cap Rate

5.47%

Year Last Renovated

2017

Offered by

Preferred Realty, Inc.

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Gut renovation completed in 2017.
Gross income $154,524 NOI $ 116,852
Other recent improvements completed include hallway renovation and roof.
6 Units Feature 2 beds &1 full baths approx 700-750 sq ft. All Separate Utilities w washer / dryer units, HVAC, SS Appliances, Custom kitchens and hardwood flooring. 1st floor units (2) have outdoor space, and top unit (Apt 5) has exclusive roof deck access. Building is fully occupied.
Tenants pay ALL utilities except cold water.
Rents are below current market and can be increased with modest capital improvements.v
Building is self managed

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For Sale | All Brick Solid Investment Opportunity in JC Downtown