264 Fairmount Ave, Jersey City

$649,999

4 Beds
2½ Baths
0 Sqft
0 Acres
0 Garages

$50,000 PRICE IMPROVEMENT! GREAT INVESTMENT OPPORTUNITY in Journal Square! 7% Cap rates based on the projected rents. Commercial space and unit 1 will be delivered vacant. The commercial unit is perfect for any type of business with exposed brick, 10ft+ ceilings and tons of foot traffic along Fairmount Ave. It can be converted to a restaurant, retail shop, etc- the possibilities are endless! Units 1 & 2 are both two bedrooms that can easily be converted into three bedrooms with eat-in kitchens and spacious living area. This property features three electric meters and three hot water heaters (two of which are brand new). Property lot size is 22 x 100. Taxes are $7,053/year. This property is one block away from JFK Blvd where you can take the bus to and from NYC, 1/2 block from Bergenline Ave and short drive from 1-78. Income & Expense/Floor Plan report available upon request.

Essential Information
MLS® #202024377
Price$649,999
Bedrooms4
Bathrooms2.50
Full Baths2
Half Baths1
Acres0.00
TypeMulti-Family
Sub-Type3 Family
StyleMulti-Level
StatusACTIVE
Community Information
Address264 Fairmount Ave
AreaJC Journal Square
CityJersey City
CountyHudson
StateNJ
Zip Code07306
Amenities
ParkingOther-See Remarks
Interior
HeatingBaseboard, A/C Central
BasementNone
Exterior
ExteriorAluminum/Vinyl
Lot Description22 X 103
Additional Information
Date ListedOctober 23rd, 2020
Days on Market81
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Listing information last updated on March 7th, 2021 at 5:18pm CST.

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