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.

Ramzi Jaloudi is the Founder and Broker of Record of Reapex, headquartered in Fort Lee, New Jersey. Over a 15-year career, he has advised buyers, sellers, investors, landlords and developers on residential, multi-family, commercial and investment transactions throughout North Jersey, including national-brand franchisees in leasing and acquisitions. An active real estate developer with hands-on experience in municipal zoning and land-use approvals, he is a Rutgers Business School graduate and a lifelong Bergen County resident.

Featured in Real Estate Today, Realty Today Magazine and Khaleej Times.

Reapex, Licensed Real Estate Broker

Ramzi Jaloudi

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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