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Key Details
Sold Price $1,540,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230017361
Sold Date 07/31/24
Bedrooms 5
Full Baths 3
HOA Fees $1/mo
Lot Dimensions 0.06 Acres
Property Description
Your chance to own an incredible, one-of-a-kind 3-family home in the prime Hamilton Park area of downtown Jersey City! 10 minutes to Grove Path Station for an effortless commute or fun in the city. Enjoy a beautiful day in Hamilton Park, just one block away! Close to shopping, movies, Harsimus Cove light rail (with easy access to Liberty State Park), groceries, nightlife, and restaurants with a fantastic selection of local and international cuisines. This historic colonial-style house, full of character, features 3 apartments with washer/dryer, dishwasher and other appliances. The apartments are great income generators always in high demand and easy to rent-- endless options- live-in and rent, full rental, or rent and develop plans to make a palace! Enjoy a barbecue or indulge your green thumb with the huge, private backyard. In addition, this property is one of the few in the area not in the flood zone. The property is gracefully aged, although it may benefit from some renovation to bring it up to modern standards. The property is located in an extra-large lot of 25X100 and has the potential for expansion. The unfinished basement can be finished for additional living space. Own a car? The nearby Newport Mall offers a special monthly rate to Hamilton Park residents with standard spots, including Tesla and EV charging stations! Property generates a total rental income of 9200/month. Total expenses including 2022 property taxes and insurance are 26,584/year. Tenants pay all utilities. The property needs very little maintenance, is fully functional, generates fair market rents and has very good tenants. The property does not need anything immediately. If the new buyers have plans to renovate then the property will require full gut renovations due to several extensions built in the rear over time. The property will be shown to only serious buyers who have any specific questions and who are seriously interested. The property is sold AS-IS.
Location
State NJ
County Hudson
Area Jc Downtown
Rooms
Basement Unfinished
Interior
Heating A/C Wall, Gas
Cooling A/C Wall, Gas
Exterior
Exterior Feature Aluminum/Vinyl
Garage Other-See Remarks
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Lucas Wolf
Broker of Record/Owner | License ID: 0903676
Broker of Record/Owner License ID: 0903676