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168-176 Ocean ave
Jersey City, NJ 07305
168-176 Ocean Ave · Multifamily Property For Sale
·
23 Units
Investment Highlights
- 23 Units // 2 Buildings
- 6.30% cap rate // 7.94% pro forma cap
- Total debt offered of $3,881,250 at 3.44%
- 20% Upside in rents
- Cash on cash return of 9.63%
- Gut renovated to studs
Property Facts
| No. Units | 23 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 16,550 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | B |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 16,550 SF |
| No. Stories | 3 |
| Year Built | 1900 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,275,800 | |
| Land Assessment | $840,000 | Total Assessment | $3,115,800 |
Property Taxes
Parcel Numbers
Land Assessment
$840,000
Improvements Assessment
$2,275,800
Total Assessment
$3,115,800
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