38
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$1,499,999
Est. payment /mo
4,284 SqFt
Active
200 Lembeck Ave Jersey City, NJ 07305
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UPDATED:
12/06/2024 04:59 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,284 sqft
Price per Sqft $350
MLS Listing ID 3935664
Year Built 1926
Annual Tax Amount $14,762
Tax Year 2023
Lot Size 3,049 Sqft
Property Description
Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.
Location
State NJ
County Hudson
Zoning R-1
Rooms
Basement Finished, Storage, Walkout
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Wood
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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