450-452 PALISADE AVE new Save Request In-Person Tour Request Virtual Tour
Jc Heights,NJ 07307
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250014293
Full Baths 6
Annual Tax Amount $28,441
Lot Dimensions 4500
Property Sub-Type Investment
Property 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.
Location
State NJ
County Hudson
Area Jc Heights