See all 31 photos
31 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,500,000
Est. payment /mo
25 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250016321
Bedrooms 25
Full Baths 9
HOA Fees $8/mo
Annual Tax Amount $28,335
Tax Year 2024
Lot Dimensions 29.55 x 100.77
Property Sub-Type 4 Family
Property Description
Introducing this gut-renovated 7-unit gem in the heart of McGinley Square, between Monticello Ave and Summit Ave. Located in an Opportunity Zone, this beautiful brick veneered/stucco building is predominantly comprised of 3-4 bedrooms and 1–2-bathroom units. Current CAP-RATE is 6.7% including all management fees. Building is fully occupied. There is a private backyard for the duplex apartment, and the opportunity to increase rents and add a laundry room in the basement. Nestled down the street from 99-unit and 38-unit new construction buildings and among many development sites. Just steps away from Journal Square, this neighborhood is prime with redevelopment opportunities. All utilities are separate and central AC/heat throughout the building, mini split setup in the basement. All legal base rents have been registered higher than current rents.
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Finished, Full, Walk-Out
Interior
Heating A/C Central, Hot Air, A/C Wall, Gas
Cooling A/C Central, Hot Air, A/C Wall, Gas
Exterior
Exterior Feature Stone, Stucco
Parking Features None
Others
Virtual Tour https://mls.ricoh360.com/63a58240-d795-4f02-938e-cad673a78e23
Read Less Info
Listed by WEST HOBOKEN RESIDENTIAL LLC
GET MORE INFORMATION