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3388 John F Kennedy Boulevard

Jersey City, NJ 07307
  • $3,800,000
  • STATUS: Active
  • ON SITE: 116 Days
  • MLS #: 21026081
Price Reduced
UPDATED: 31 min ago
$3,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

CALLING ALL INVESTORS! A RARE OPPORTUNITY TO OWN A BRICK, 20-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED BETWEEN ZABRISKIE & GRIFFITH STREETS. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST STEPS TO NYC BUS STOP. THE BUILDING CONSISTS OF 1 STUDIO, 15 1-BRM, & 4 2-BRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY 19 UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE. ALL TENANTS ARE MONTH TO MONTH & IN ADDITION TO REGULAR RENT, THE OWNER COLLECTS $3,023/MONTH FROM T-MOBILE TOWERS GROSSING $185,980 ANNUALLY. SOME APARTMENTS NEED UPDATING, BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 7 YEARS OLD & THE BOILERS ARE IN GOOD CONDITION. GREAT OPPORTUNITY FOR INVESTORS SEEKING TO INCREASE THEIR RENTAL PORTFOLIO OR FOR A 1031 EXCHANGE. RENT ROLL & INCOME/EXPENSES ARE AVAILABLE UPON REQUEST. MOTIVATED SELLER. DON'T MISS THIS ONE! TEXT/CALL LA, JAY FOR MORE DETAILS.

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© 2021 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Halo Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Halo Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2021-10-22T23:16:25.253.
www.ryandelauz.com/homes/118776608
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3388 John F Kennedy Boulevard Jersey City, NJ 07307

  • Price: $3,800,000
  • Status: Active
  • Updated: 31 min ago
  • MLS #: 21026081
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Jersey City
County:
Hudson
Area:
Jersey City
Property Description
CALLING ALL INVESTORS! A RARE OPPORTUNITY TO OWN A BRICK, 20-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED BETWEEN ZABRISKIE & GRIFFITH STREETS. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST STEPS TO NYC BUS STOP. THE BUILDING CONSISTS OF 1 STUDIO, 15 1-BRM, & 4 2-BRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY 19 UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE. ALL TENANTS ARE MONTH TO MONTH & IN ADDITION TO REGULAR RENT, THE OWNER COLLECTS $3,023/MONTH FROM T-MOBILE TOWERS GROSSING $185,980 ANNUALLY. SOME APARTMENTS NEED UPDATING, BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 7 YEARS OLD & THE BOILERS ARE IN GOOD CONDITION. GREAT OPPORTUNITY FOR INVESTORS SEEKING TO INCREASE THEIR RENTAL PORTFOLIO OR FOR A 1031 EXCHANGE. RENT ROLL & INCOME/EXPENSES ARE AVAILABLE UPON REQUEST. MOTIVATED SELLER. DON'T MISS THIS ONE! TEXT/CALL LA, JAY FOR MORE DETAILS.
Exterior Features

Roof Flat Style 5+Family Sub Style 5-25

Property Features

Owner Pays GasHeatLawnO/See RmrksSnowWater Property Pro GasMunincipal WaterO/See RmrksSewer Taxes 24002 Year Built 1900-1939

Listing provided courtesy of Re/Max Home Experts.


© 2021 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Halo Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Halo Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2021-10-22T23:16:25.253.
 
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Halo Realty
30 Knightsbridge Road, Suite 525
Piscataway NJ, 08854