$850,000 218 Bowers St Jersey City, NJ

MLS: 170006993   Type: Investment   County: Hudson   City: Jersey City   Area: Heights   Zip: 07307     Stories: 2   Taxes: $9,400

Mortgage $3,991 /mo

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UNIQUE OPPORTUNITY IN THE HEART OF JERSEY CITY HEIGHTS... 5 UNITS, IN 2 BUILDINGS... FRONT BUILDING HAS (2) 1 BEDROOM UNITS, (1) 2 BEDROOM UNIT AND A STORE FRONT/OFFICE... BACK BUILDING IS A MODERN 2 BEDROOM ARTIST LOFT WITH 14FT CEILINGS, CENTRAL HEAT AND AC, 1 SPOT PARKING AND 1 GARAGE SPACE... CURRENTLY ALL UNITS, PARKING AND GARAGE ARE RENTED EXCEPT FOR (1) 1 BEDROOM AND STORE WHICH ARE BEING KEPT EMPTY TO SHOW THE PROPERTY WITHOUT DISTURBING THE TENANTS WHICH ALL HAVE LEASES...7% CAP RATE AT ASKING PRICE... BASEMENT IS NICELY APPOINTED AND HAS 3 ROOMS THAT CAN BE USED FOR STORAGE WITH STREET ACCESS (BASEMENT RENT ROLL POTENTIAL NOT INCLUDED IN CAP RATE CALCULATION). RENT ROLL: 1BD $1000, 1BD $1400, 2BD $1500, 2BD $1450, STORE $950, GARAGE $250, PARKING $100, BASEMENT STORAGE $200-700. THIS CORNER LOCATION HAS PLENTY OF POTENTIAL.

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Price History

5/1/2017 Listed $899,900
7/6/2017 6% - $850,000

Class CI INVESTMENT - SALE ONLY

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Direct Link:

http://www.searchpropertiesbysouthern.com/property/102-170006993-218-Bowers-St-Jersey-City-NJ-07307

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Property vs Zip Code Avg (07307)

Price 850K Avg 1.37M

Taxes $9,400 Avg $10,249

Visits 27 Avg 41

Days on Site 115 Avg 114

Walkscore® 92 Avg 92

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Listing Provided Courtesy Of: REMAX WATERFRONT - 201-300-4777




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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ
973-845-4260