46
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$2,700,000
Est. payment /mo
8 Baths
Price Dropped by $300K
85 ZABRISKIE ST Jc Heights, NJ 07307
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010580
Full Baths 8
Annual Tax Amount $23,230
Lot Dimensions 25X100
Property Sub-Type Investment
Property Description
Exceptional investment opportunity in the highly desirable Jersey City Heights section. This 8-unit multifamily property offers immediate cash flow with substantial upside through the renovation and repositioning of under-market units. Current gross rental income is approximately $169,700 annually, with the potential to increase to over $225,900 annually after renovating Units 2, 5, and 7. At an offering price of $2,700,000, the property is operating at an estimated 4.79% cap rate with the potential to achieve an estimated 6.87% pro forma cap rate. Investors will appreciate the strong rental demand, proximity to transportation, shopping, dining, and continued growth throughout Jersey City Heights.Property is being sold as-is. Buyer to perform their own due diligence regarding income, expenses, rents, permits, and future projections.
Location
State NJ
County Hudson
Area Jc Heights
Listed by XENTRY PROPERTY GROUP LLC
Nearby Locations
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