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42 Beacon Ave
Jersey City, NJ 07306
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 6,000 SF |
| Property Subtype | Apartment | Average Occupancy | 88% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1900 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1900 |
ABOUT 42 BEACON AVE , JERSEY CITY, NJ 07306
Marcus & Millichap has been selected to exclusively market for sale 42 Beacon Avenue, Jersey City, NJ 07306. The property is located in The Heights section of Jersey City between Baldwin Avenue & Palisade Avenue. This subject property features eight (8) one-bedroom, one-bathroom apartments which average approximately 650 square feet in size. Presently, two of the apartments have been gut-renovated, one remains vacant and gutted, and five are still to be renovated. The property rests as an excellent value-add opportunity for an investor seeking higher returns by renovating an asset. The well maintained, four story multifamily building is ideally positioned in Jersey City’s hottest market. The Heights has experienced a massive influx in development and capital investments as it remains a premier choice of residency for tenants seeking more affordable housing compared to the expensive downtown market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
PROPERTY TAXES
| Parcel Number | 06-05903-0000-00036 | Improvements Assessment | $762,200 |
| Land Assessment | $360,000 | Total Assessment | $1,122,200 |
PROPERTY TAXES
