347 Palisade Ave
Jc, Heights,
NJ
07307
Property Details
List Price: |
$1,500,000 |
Beds: |
9 |
Baths: |
Full: 5 |
Status: |
Active |
SqFt: |
-- |
Agency: |
EXP REALTY LLC |
Description/Comments
Lot Size: |
0 sqft |
Garage: |
Garage |
Property Type: |
Residential Multi Family-Other |
Year Built: |
-- |
Notes: |
Welcome to 347 Palisade! This quintessential investment property is excellent for buy and hold as well as fix and flip investors. 2005 built, Two Family income producing contemporary house, with a potential to turn it into three family(as of right) by merely adding a kitchenette on the ground floor, currently offers three story living, two individual units (duplex on ground and 1st floor, second unit on the top floor), a total of nine bedrooms, five full bathrooms, two kitchen, two open-concept living and dining rooms, one garage parking and a large backyard for year-round entertainment delight. The property is in excellent condition and generating a gross annual income of 101,040 USD with a potential upside from three family conversion. All utilities paid by tenant(70% unit 1, 30% unit 2). Property sits on a 25' x 100' lot in R-2D zoning district (typically allows for 4 residential units with home office or commercial space on ground) on one of the prestigious blocks of Palisade Avenue, in the Heights section of Jersey City. The house is surrounded by many new construction condominium projects, which makes it great for developers looking for their next condominium project to add to their portfolio. Riverview Park, the Famous Franklin, the Supremo Food Market, Fox and Crow, all are at your doorsteps. Located at a walking distance of 8 mins to 2nd street Light Rail, 1 min to buses 84, 86, 87, 123, and 15 minutes drive to Midtown or Lower Manhattan (via Lincoln or Holland Tunnel respectively), makes it very convenient for the New York City and New Jersey Commuters! Where location meets the right price, this property is a gem in Jersey City Heights. |
MlsNumber: |
-- |
Estimate Your Monthly Payment
Listing Provided By: |
EXP REALTY LLC, original listing |
Phone: |
(866) 201-6210 |
Office Phone: |
(866) 201-6210 |
Agent Name: |
MINNI CHALANA |
Disclaimer: |
Copyright © 2024 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |