$849,777
For Sale

608 Palisade Avenue

Jersey City, NJ 07307
3 beds | 3 baths | #24030285
Browse 50 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps (1 minute walk) to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit is almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer, w/potential to add 1BR/1BA to 1st fl. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."

  • Interior Details
      • Heating & CoolingGas
    • Beds & Baths
      • Bedrooms3
      • Bathrooms3
  • Property Details
      • ViewEast, NY View, West
      • Lot DescriptionRegular
  • Construction Details
      • Basement DescriptionWasher/Dry, private, lockable storage units, separate entrance to rear
      • BasementBin/Storage, Full, Grd Lv Acces
      • Property TypeMulti-Family
      • Style3 Family
      • SubstyleTop/Btm
    • Condition
      • Year Built1900-1939
  • Community and Neighborhood Details
      • LifestyleClose/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
      • CountyHUDSON
  • Financial Details
      • Taxes Annual$11,558
  • Other
      • OwnershipPrivate
    • Source
      • MLS #24030285

Location

Legal

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Lisette Cintron are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 

All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

2023 New Jersey Multiple Listing Service, Inc. All rights reserved.  

Last Updated: . Source: NJMLS

Listing Courtesy
Listing Agent: Michael Joo (#1007161), Phone: (201) 284-9009
Listing Office: Howard Hanna Rand Realty, Old Tappan (#247412)

Lisette CintronReal Estate Group
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Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Lisette Cintron are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 

    All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

    2023 New Jersey Multiple Listing Service, Inc. All rights reserved.  

    The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
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