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372 Palisade Ave 4 Unit Apartment Building $1,600,000 ($400,000/Unit) Jersey City, NJ 07307
INVESTMENT HIGHLIGHTS
- Invest in success with this standout rental property at 372 Palisade Ave!
- Modern appeal.
- Golden opportunity for savvy investors, capitalize on high demand, unlock significant income growth potential in a rapidly growing area.
- Four well-appointed units.
- Proximity to transportation, dining, and shopping in bustling jersey city heights.
EXECUTIVE SUMMARY
Invest in success with this standout rental property at 372 Palisade Ave! Boasting four well-appointed units, this building combines modern appeal with proximity to transportation, dining, and shopping in bustling Jersey City Heights. A golden opportunity for savvy investors looking to capitalize on high demand and unlock significant income growth potential in a rapidly growing area.
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 Under Contract
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2024 |
| Zoning | NC, Jersey City | ||
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2024 |
| Zoning | NC, Jersey City |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (78)
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Serhant New Jersey LLC
372 Palisade Ave
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