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200 Lembeck Ave

Jersey City, NJ 07305
  • $1,499,999
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 3935664
UPDATED: 125 min ago
$1,499,999
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,284
    SQFT
  • $350
    $/SQFT
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

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.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. 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 Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-07T23:46:51.977.
www.daunnorealty.com/homes/158192601
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200 Lembeck Ave Jersey City, NJ 07305

  • Price: $1,499,999
  • Status: Active
  • On Site: 15 Days
  • Updated: 125 min ago
  • ID#: 3935664
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,284
SQFT
$350
$/SQFT
1926
Built
County:
Hudson
Area:
Jersey City
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.
Exterior Features

Approximate Lot Size 41.25X76.45 Construction Wood Exterior Description Wood Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedStorageWalkout Cooling Wall A/C Unit(s)Window A/C(s) Equipment Available See Remarks Heating 1 UnitBaseboard - Cast Iron Max Ceiling Height 8 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

Available Immediately For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 118692 Lease Includes HeatWater Lease Type Primary Monthly Maintenance Fee 0 Net Operating Income 85015 Owner Pays HeatHot WaterWater Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 14762 Tax Rate Amount 2.247 Tax Rate Year 2024 Tax Year 2023 Tenant Pays ElectricGas Total Operating Expense 33677 Utilities Gas-Natural Utilities Paid By Landlord Water Public Water Year Built Description Renovated Zoning R-1

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-347-3255.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. 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 Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-07T23:46:51.977.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066