$849,777
608 Palisade AVE Jersey City, NJ 07307
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Listed by Michael Joo • Howard Hanna Rand Realty, Old Tappan • (201) 284-9009
$849,777
Est. payment /mo
3 BD
3 BA
Under Contract
608 Palisade AVE Jersey City, NJ 07307
UPDATED:
10/11/2024 07:20 PM
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24030285
Style 3 Family
Bedrooms 3
Full Baths 3
Annual Tax Amount $11,558
Property Description
OFFER ACCEPTED - NO more showings. Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."
Location
State NJ
County Hudson
Area Jersey City
Rooms
Basement Washer/Dry, private, lockable storage units, separate entrance to rear
Interior
Heating Gas
Fireplaces Type None
Laundry Basement
Exterior
Exterior Feature Aluminum, Brick
Garage None
Utilities Available Sep Elec, Sep Gas
Waterfront Description None
View East, NY View, West
Building
Lot Description Regular
Others
Senior Community No
Ownership Private
Miscellaneous Hdwd As In
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