USANJJersey City450-452 Palisade Ave
452 - 450-452 Palisade Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Jersey City NJ | Image 1
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$2,100,000

452 - 450-452 Palisade Ave, Jersey City, NJ

Real Estate

For Sale

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  • Key Facts
  • Description
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Key Facts

Type Investment
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 
MLS® Number 250014293

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area’s most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control – Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location – Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts – Highly desirable floor plan***Current Gross: $155, 160 ***Potential Gross: $244, 800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.Show Description
MLS® Number250014293
Locker
Ensuite LaundryNo
Balcony
Furnished
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Exposure
Exterior
GarageNo
Approx. Age
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Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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