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38 Court House Pl
Jersey City, NJ 07306
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Journal Square Prime Location Newer Three Family Home with the possibility of adding an additional unit.
Executive Summary
This is an Incredible opportunity for today's savvy buyer to acquire this modern 3 unit multi family 15 years young. Where three families are limited in Journal Square which is the fastest growing section of jersey city and the epicenter of development focusing on high-rise residential towers and transit-oriented growth as well as a 10 minute walk to Downtown Jersey City where it has already experienced and is currently experiencing a massive high-rise construction boom transforming the Jersey City skyline with thousands of new residential units. 38 Courthouse Place offers three spacious and thoughtfully designed units providing comfortable living along with a strong rental income. The First Floor unit consist of a 2 BR 2FB unit with direct access to the yard. The Second and Third Floor units are identical and consist of 3BR and 2FB. The units are impressive in size and provide a functional living and spacious accommodations for tenants or owner occupant. With proper approvals the savvy buyer can add an additional unit creating a 4 unit multi family property in the heart of Jersey City. Gross Rental Income $118,500.00
Property Facts
| Price Per Unit | $598,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.98% | Lot Size | 0.07 AC |
| No. Units | 3 | Building Size | 3,700 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2013 |
| Price Per Unit | $598,333 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,700 SF |
| No. Stories | 3 |
| Year Built | 2013 |
Property Taxes
| Parcel Number | 06-08205-0000-00015 | Improvements Assessment | $716,000 |
| Land Assessment | $260,500 | Total Assessment | $976,500 |
Property Taxes
Parcel Number
06-08205-0000-00015
Land Assessment
$260,500
Improvements Assessment
$716,000
Total Assessment
$976,500
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