Turnkey VALUE-ADD investment opportunity located in the booming Journal Square neighborhood of Jersey City. $104,080 NOI.
Fully occupied; BEAUTIFULLY renovated mixed-use (4 residential over 1 commercial) building with an additional (un-renovated) 3BR carriage house in the rear of property. The residential units in main building are (Three) 2BR/2BA units & (one) 1.5BR/1BA unit. NO RENT CONTROL.
Commercial tenant is currently on a below market month-to-month lease and the carriage home is ideal for an owner/user looking to renovate and move. Perfect opportunity to have tenants pay your mortgage and live practically rent free. Easy upside potential here.
7 minute walk to the PATH at Journal Square Station which brings commuters directly to Manhattan. Property works as-is for an investor but is also suitable for an owner/user. Commercial space is roughly 900 sq/ft