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40 Beacon Ave 9 Unit Apartment Building $1,950,000 ($216,667/Unit) 8.62% Cap Rate Jersey City, NJ 07306
EXECUTIVE SUMMARY
Attention INVESTORS!! Welcome to this turnkey investment property located in the booming Heights section of Jersey City. An extremely rare chance to own this fully leased, 9 unit building (2 studios, 6 one bedrooms and 1 two bedroom) in this vibrant area. Recent renovations include modern lighting, updated intercom system and virtual doorman for security and convenience. This property conveniently includes a parking lot and an app operated washer/dryer room. With a vast potential for growth, this property is sure to be a profitable long-term
investment! Schedule your private tour today!
investment! Schedule your private tour today!
PROPERTY FACTS
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $216,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 8.62% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2025 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | MF - Multi family residential location | ||
| Price | $1,950,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 8.62% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2025 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MF - Multi family residential location |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Security System
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Intercom
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Gas Range
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (83)
PROPERTY TAXES
| Parcel Number | 06-05903-0000-00035 | Improvements Assessment | $1,183,900 |
| Land Assessment | $405,000 | Total Assessment | $1,588,900 |
PROPERTY TAXES
Parcel Number
06-05903-0000-00035
Land Assessment
$405,000
Improvements Assessment
$1,183,900
Total Assessment
$1,588,900
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40 Beacon Ave
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