393 3rd St - Apartments FOR SALE


Jersey City, NJ 07302
$2,250,000 USD
201-420-7393
393 3rd St, Jersey City, NJ for Sale
$2,250,000 USD
Apartments - FOR SALE
1/48
null | 4.89% Cap Rate

393 3rd St
Jersey City, NJ 07302


HIGHLIGHTS

  • Unrealized income from basement studio/workspace.
  • New Hardieplank siding and Marvin Windows.
  • Great location near parks, restaurants, bars, shopping, music venues, and transportation.
  • Full Sprinkler system, wired security cameras, and coin operated laundry
  • Potential for roofdeck accesible by second floor units
  • 10 year old roof.

OVERVIEW

Don't miss this income producing 6 unit plus basement workspace in Jersey City's vibrant Village neighborhood! Fully leased out, with 3 of the units having recently been lovingly and meticulously renovated, this building is ready for you to start collecting rent for yourself without lifting a finger. With New Hardie board siding and Marvin Windows, a 10-year-old roof, sprinkler system, wired security cameras, coin operated laundry machines, and a French drain with 3 sump pumps, you've got your bases covered! All this plus potential upside with an unrented basement workshop/studio space and unrealized roof deck accessible by 2 apartments. Amazing location with plenty of new development, parks, great restaurants and bars, White Eagle Hall, and charming retail shops.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

4.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,956 SF

ZONING

N/Av

APN/PARCEL ID

06-11008-0000-00013

ASK ABOUT THIS PROPERTY

Jon SistiCorcoran Sawyer SmithMore Info
201-420-7393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jon SistiCorcoran Sawyer SmithMore Info
201-420-7393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.