11 Armstrong Ave | Jersey City, NJ 07305
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- LoopNet Team
11 Armstrong Ave
Jersey City, NJ 07305
Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Value-add multifamily
- Opportunity to increase rents through capital improvements
- Below market rents in a great rental growth market
- Rent control is 4% annual increases or vacancy capital improvements formula to increase rents to market
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 20,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 20,000 SF |
| No. Stories | 4 |
| Year Built | 1924 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 850 |
PROPERTY TAXES
| Parcel Number | 06-25901-0000-00016 | Improvements Assessment | $858,900 |
| Land Assessment | $770,000 | Total Assessment | $1,628,900 |
PROPERTY TAXES
Parcel Number
06-25901-0000-00016
Land Assessment
$770,000
Improvements Assessment
$858,900
Total Assessment
$1,628,900
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