Property Details


Listing ID: 170006993
Price: $850,000
Address: 218 BOWERS ST
City: JC, Heights
State: New Jersey
Postal Code: 07307
County: Hudson
UNIQUE OPPORTUNITY IN THE HEART OF JERSEY CITY HEIGHTS... 5 UNITS, IN 2 BUILDINGS... FRONT BUILDING HAS (2) 1 BEDROOM UNITS, (1) 2 BEDROOM UNIT AND A STORE FRONT/OFFICE... BACK BUILDING IS A MODERN 2 BEDROOM ARTIST LOFT WITH 14FT CEILINGS, CENTRAL HEAT AND AC, 1 SPOT PARKING AND 1 GARAGE SPACE... CURRENTLY ALL UNITS, PARKING AND GARAGE ARE RENTED EXCEPT FOR (1) 1 BEDROOM AND STORE WHICH ARE BEING KEPT EMPTY TO SHOW THE PROPERTY WITHOUT DISTURBING THE TENANTS WHICH ALL HAVE LEASES...7% CAP RATE AT ASKING PRICE... BASEMENT IS NICELY APPOINTED AND HAS 3 ROOMS THAT CAN BE USED FOR STORAGE WITH STREET ACCESS (BASEMENT RENT ROLL POTENTIAL NOT INCLUDED IN CAP RATE CALCULATION). RENT ROLL: 1BD $1000, 1BD $1400, 2BD $1500, 2BD $1450, STORE $950, GARAGE $250, PARKING $100, BASEMENT STORAGE $200-700. THIS CORNER LOCATION HAS PLENTY OF POTENTIAL.

Primary Features

County: Hudson
Property Type: Commercial Investment

Additional

DOM: 72
Dual Var Rate: no
Easements: no
Fuel: Gas
Handicapped Access: no
Items Excluded: ALL TENANT PERSONAL ITEMS
Mixed Use: yes

Interior Features

Elevators: no
Number of Studios: 1
Number of Units: 5
Total Number of 1BR: 2
Total Number of 2BR: 2

External Features

Approximate Lot Size: 25.22X100
Broker Sign: no
Covered Parking: Both
Free Standing: no
Number of Parking Spaces: 2
Number of Stories: 2

Location Information

Between: OFF BOWERS AND MILTON
Block: 02604
Section: Heights

Financial Details

Expense Sheet Attached: no
Rent Control: no
Sale/Rent: For Sale
Taxes: 9400

Zoning Info


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Listing courtesy of REMAX WATERFRONT .
Data services provided by IDX Broker