MICHAEL J JOO

* * * * * Looking for a phenomenal, meticulously maintained, 3 unit multi-family investment or owner-occupied property in desirable, vibrant JC Heights, with an almost never-seen 7.1% CAP RATE? Read on. .. * * * * * For starters, a quiet, perfect location that can't be beat. This commuter's dream (and for your tenants) is literally steps (1 minute walk) to the elevator for 9th/Congress St Light Rail, then just 2 stops to Hoboken/NYC PATH. Also many options for commuter vans & NJ Transit buses to NYC, Hoboken/Journal Sq & Downtown JC/Newport Mall. Just 2 blocks to Washington Sq. Park. * * * * * The expanded 1st floor unit is easily re-purposed as a 2BR/1BA (see floor plan - currently used as 1BR w/ formal DR), and features very generously sized BRs roughly 13' x 13' or 169 SF each, and a modern renovated bathroom. * * * * * The 2nd floor unit was recently renovated 1 year ago with a beautiful kitchen & modern bath, new floors, dining area and large roughly 13' x 13' BR, plus flexible (Windowed!) bonus den/office/nursery (about 7' x 7' or 50 SF). * * * * * The 3rd floor unit features an almost identical layout, except it features a generously sized closet as well as a more spacious (also Windowed!) bonus den/office/nursery (about 9' x 7' or 65 SF). * * * * * The full basement w/ high ceiling heights currently has abundant, separate and lockable storage rooms for each unit (one is very large), and washer/dryer for common use. However, it offers tremendous opportunity and potential to add an additional den/BR & bathroom to be combined with the 1st floor unit into a 3BR/2BA, while keeping tenant access to the common laundry via a separate rear basement entrance. The ample backyard space has the potential to be a private or shared garden oasis with BBQ. * * * * * This is one of those rare "no-brainer" investments with a potential gross income of $77,400 and Cap Rate of 7.1%, not to mention a 24' x 100' lot size, larger than most 3-4 families in this price range. Property being sold strictly "as is" w/ no known conditions. Detailed floor plans, 3D-Virtual Tour, walkthrough-video available in links. * * * * * JC Heights is quiet, yet full of such vibrant culture & community, and convenience. Enjoy the diversity and cuisines of critically-acclaimed and renowned restaurants, bakeries, cafes, bars & boutiques opening daily - Bread & Salt, The Hutton, Low Fidelity, Cocoa Bakery, Angel Azul Cafe, and much more.

Realtor specializing in the Morris County market. Member of the Tucker Real Estate Team. 

MICHAEL J JOO

About MICHAEL J JOO

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Recent property sales & transaction history

1 properties

Jersey City

Family Home

$850,000

3,400 ft²

Properties for sale by listing agent MICHAEL J JOO

$849,777

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