$725,000
$599,000
21.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Baths
SOLD DATE : 02/23/2018
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 170015603
Sold Date 02/23/18
Full Baths 6
Annual Tax Amount $14,299
Lot Dimensions 25 X 95
Property Sub-Type Investment
Property Description
Potential 8% Cap! Solid 6 family investment in Bayonne. Low overhead, tenants pay separate utilities. 6 hot water heaters, 7 gas meters (1 for the house), 7 electric meters (1 for the house), 200 Amp service coming in. Green card was issued August 2016. Units feature hardwood floors and high ceilings (underneath the carpet and vinyl are hardwood floors). Roof and skylight are approximately 10 years old, back vinyl siding is newer. 5- 2BR apartments and 1- Junior 1BR apartment. After some cosmetic renovations, potential gross income of $87,000/year. Building will be delivered vacant. Property is located about a 10-15 minute walk from the 22nd Street Light Rail station and bus service into NYC and Journal Square are right at the curb!
Location
State NJ
County Hudson
Area Bayonne
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Bought with KELLER WILLIAMS CITY LIFE REALTY
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States