When a fully occupied, mixed use 6-unit property like this comes on the market, you simply buy it. Located on a corner lot in the rapidly expanding West Bergen area of Jersey City, this available and well maintained building boasts a current 7.1% cap rate. This 3 story building included 2 units on each floor. First floor has a grocery store and a barbershop. Second floor has two 2BR apartments. Third floor has one 2BR apartment and one 3BR apartment. All units are occupied and all tenants are paying. Market rents for the 4 residential units are $1500, $1,500, $1,500, and $1900!! Potential NOI of $86,680 annually! Inquire within for more information, offers, and showings.
Request More Information - Listing ID 210016463