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    835 Summit Avenue

    Jersey City, NJ 07307
    • $3,200,000
    • STATUS: Active
    • ON SITE: 118 Days
    • MLS #: 21026084
    Price Reduced
    UPDATED: 46 min ago
    $3,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    ATTENTION ALL INVESTORS!!! A GREAT OPPORTUNITY TO OWN A BRICK, 16-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED ON THE CORNER OF SUMMIT AVE & SANFORD PL ACROSS THE STREET TO PERSHING FILD PARK. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST MINUTES TO NYC BUS STOP. THE BUILDING CONSISTS OF 2 STUDIOS, 1 TWO-BRM, & 13 ONE-BDRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY ALL UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE, GROSSING $132,780 ANNUALLY. ALL TENANTS ARE MONTH TO MONTH. SOME APARTMENTS NEED UPDATING BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 9 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, WON'T LAST LONG! 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: 2021-10-24T13:16:23.403.
    www.ryandelauz.com/homes/118777810
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    835 Summit Avenue Jersey City, NJ 07307

    • Price: $3,200,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21026084
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1920
    Built
    Neighborhood:
    Jersey City
    County:
    Hudson
    Area:
    Jersey City
    Property Description
    ATTENTION ALL INVESTORS!!! A GREAT OPPORTUNITY TO OWN A BRICK, 16-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED ON THE CORNER OF SUMMIT AVE & SANFORD PL ACROSS THE STREET TO PERSHING FILD PARK. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST MINUTES TO NYC BUS STOP. THE BUILDING CONSISTS OF 2 STUDIOS, 1 TWO-BRM, & 13 ONE-BDRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY ALL UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE, GROSSING $132,780 ANNUALLY. ALL TENANTS ARE MONTH TO MONTH. SOME APARTMENTS NEED UPDATING BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 9 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, WON'T LAST LONG! TEXT/CALL LA, JAY FOR MORE DETAILS.
    Exterior Features

    Roof Flat Style 5+Family Sub Style 5-25

    Property Features

    Owner Pays Common AreaHeatLawnO/See RmrksSnowWater Property Pro GasMunincipal WaterO/See RmrksSewer Taxes 18638 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: 2021-10-24T13:16:23.403.
     
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    Halo Realty
    30 Knightsbridge Road, Suite 525
    Piscataway NJ, 08854