109 HUTTON ST

JC, Heights, NJ, 07307

$2,549,000

$2,549,000
Active
Active
 - For Sale
property_type
Other
Investors Dream boosting over a 5.9% Cap rate. Here is your opportunity to own an amazing 12 unit already renovated investment building in the hottest area of Jersey City, the Heights. It is located on one of the most convenient streets & truly in the Heart of the Heights. The units have been renovated in the last 2 years, featuring new kitchens, bathrooms, flooring, painting, and more. They are all 1 bedroom units ranging from 450-500 sq ft with a couple different floor plans. Separate utilities for all the units which gives the new owner great short term or long term options. The building is super clean, income producing, with very low vacancy rate and would be a great long term buy & hold option as this building is cash flow positive from Day ONE. Another option would be to buy and as the renters start to vacate the building you can convert to condos.. Again, super solid investment opportunity with different buying options to achieve your short and long term goals. Schedule an appointment today and you can add this this amazing building to your investment portfolio.
MLS® ID:
220012725
Listed:
7/12/22
Updated:
10/5/22
Coldwell Banker Global Luxury
Properties by Southern

Exterior/Building Features

Architectural Style
4
Lot Details
00026

Other Property Details

Area Name
JC, Heights
Taxes
$26446
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Hudson
Pool
No
Total Stories
4

Property History

Date
Event
Price
Value
9/14/22
Price Change
$2,549,000
-3%
8/2/22
Price Change
$2,649,000
-1%

 

Courtesy of LIBERTY REALTY LLC, JOSEPH CONDURSO

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Date last updated 8:43 PM UTC, 10/5/22

Coldwell Banker Global Luxury
Properties by Southern
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