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121 Lembeck Ave - 121 Lembeck 3 Unit Apartment Building Offered at $850,000 at a 6.18% Cap Rate Jersey City, NJ 07305
INVESTMENT HIGHLIGHTS
- Extra Wide Lot
- Separate Utilities
- Parking
EXECUTIVE SUMMARY
Introducing a prime 3-family investment on a peaceful, well-maintained block in southern Greenville with major value-add upside.Below-market rents, no rent control, separate utilities, and an extra-wide lot set this property apart.The 33-ft-wide lot provides a full-length driveway and rare on-site parking—boosting curb appeal, light, and outdoor flexibility.Parking alone elevates rental demand, increases rents, and reduces turnover for long-term stability. With tenant-paid heat/hot water and multiple avenues for rent growth, this is a smart, scalable addition to any portfolio.
Taxes: $7,042
Tenants pay heat and hot water
Lot Size: 33 x 90
Below market rents
No Rent Control
On Site Parking
Taxes: $7,042
Tenants pay heat and hot water
Lot Size: 33 x 90
Below market rents
No Rent Control
On Site Parking
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $1,975 | - |
| 1+1 | 1 | $1,400 | - |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (72)
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121 Lembeck Ave - 121 Lembeck
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