MLS# : 24030285
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 (1 minute walk) 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 is almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer, w/potential to add 1BR/1BA to 1st fl. 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."
Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
This listing is a courtesy of Howard Hanna Rand Realty, Old Tappan
(201) 666-0007 office, listing agent Michael Joo
Population: | 267,345 |
Total Housing Units: | 104,018 |
Single Family Homes: | 36,684 |
Apartments: | 67,334 |
General Tax Rate (2021): | 1.603% |
Effective Tax Rate (2021): | 1.402% |
Compare To Other Towns |
Average Price* (12mo): | $650,849 |
Apatments Sold* (12mo): | 1,025 |
Homes : | $349,000 - 3,495,000 | 77 avail |
Condos : | $148,000 - 6,995,000 | 424 avail |
Co-ops : | $415,000 - 419,000 | 2 avail |
Twnhs : | $549,000 - 2,100,000 | 10 avail |
2-4 Fam : | $475,000 - 3,495,000 | 146 avail |
5+ Fam : | $1,100,000 - 2,999,999 | 3 avail |
Land : | $200,000 - 9,500,000 | 18 avail |
Rentals : | $1,550 - 7,250 | 60 avail |
Mixd Use : | $475,000 - 3,500,000 | 7 avail |
Com S : | - | |
Com L : | - | |
Biz : | $65,000 - 1,250,000 | 7 avail |
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All information deemed reliable but not guaranteed. Last date updated: 09/19/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
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General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
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