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995 Summit Ave
Jersey City, NJ 07307
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Value Add Multifamily
- Opportunity for rental increases through capitol improvements
- 4 Minute walk to bus stop
- Below market rents
- Rent control: annual CPI increases- June 2022 4.0%
- 20 Minute Commute to Midtown Manhattan
Property Facts
| No. Units | 24 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 14,252 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1937 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 14,252 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1937 |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Hardwood Floors
- Tub/Shower
- Views
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 20 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 06-02704-0000-00023 | Improvements Assessment | $1,621,500 |
| Land Assessment | $1,080,000 | Total Assessment | $2,701,500 |
Property Taxes
Parcel Number
06-02704-0000-00023
Land Assessment
$1,080,000
Improvements Assessment
$1,621,500
Total Assessment
$2,701,500
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