198 GRIFFITH St - Apartments FOR SALE


Jersey City, NJ 07307- The Heights
$1,435,000 USD
201-744-5965
198 GRIFFITH St, Jersey City, NJ for Sale
$1,435,000 USD
Apartments - FOR SALE
1/18
null | 6.82% Cap Rate

198 GRIFFITH St
Jersey City, NJ 07307
The Heights


OVERVIEW

Solid modern and renovated 6 Unit residential investment property centrally located in Jersey City Heights one of Jersey City's most sought-after neighborhoods, and in walking distance to stores, shops, restaurants & transportation. Where solid 6 unit class A investments are hard to come by. This property checks all the boxes investors are looking for. Strong Cash Flow of $134,666.64, Updated and Modern Units, high demand units that cater to both single occupant or family occupant tenants that will provide minimum vacancy throughout the ownership. Four units were gut renovated approximately 12 to 15 years ago and 2 units were renovated within the last 3 years. All 6 units have modern appliances, granite or quartz countertops

FOR SALE DETAILS

PRICE

$1,435,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

6

PRICE/UNIT

$239,167

CAP RATE

6.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

N/Av

APN/PARCEL ID

06-02801-0000-00049

ASK ABOUT THIS PROPERTY

Luis NegronColdwell Banker RE Services LLCMore Info
201-744-5965

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Luis NegronColdwell Banker RE Services LLCMore Info
201-744-5965

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.