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608 Palisade Avenue

Jersey City, NJ 07307
  • $849,777
  • STATUS: Active Under Contract
  • ON SITE: 46 Days
  • MLS #: 24030285
Under Contract
UPDATED: 43 min ago
$849,777
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

OFFER ACCEPTED - NO more showings. Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."

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© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Andrew Botticelli Group | Compass. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Andrew Botticelli Group | Compass are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-11-04T00:16:25.067.
www.andrewbotticelligroup.com/homes/155397526
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608 Palisade Avenue Jersey City, NJ 07307

  • Price: $849,777
  • Status: Active Under Contract
  • On Site: 46 Days
  • Updated: 43 min ago
  • MLS #: 24030285
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Jersey City
County:
Hudson
Area:
Jersey City
Property Description
OFFER ACCEPTED - NO more showings. Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."
Exterior Features

Exterior Finish AluminumBrick Garage None Lot Description Regular Style 3 Family Sub Style Top/Btm Views And Exposure EastNY ViewWest Waterfront None

Interior Features

Basement Bin/StorageFullGrd Lv Acces Basement Description Washer/Dryprivatelockable storage unitsseparate entrance to rear Fireplace None Heat Cool Gas Laundry Basement Rooms 15

Property Features

Flood Plain None Lifestyle Close/ParksClose/SchoolClose/ShopgClose/TransClose/Wrshp Miscellaneous Hdwd As In Ownership Private Taxes 11558 Utilities Sep ElecSep Gas Year Built 1900-1939

Listing provided by Michael Joo of Howard Hanna Rand Realty, Old Tappan: (201) 666-0007.


© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Andrew Botticelli Group | Compass. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Andrew Botticelli Group | Compass are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-11-04T00:16:25.067.
 
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Andrew Botticelli Group | Compass
258 Newark Street, 4th Floor
Hoboken NJ, 07030