For Sale

Introducing this gut-renovated 7-unit gem in the heart of McGinley Square, between Monticello Ave and Summit Ave. Located in an Opportunity Zone, this beautiful brick veneered/stucco building is predominantly comprised of 3-4 bedrooms and 1–2-bathroom units. Current CAP-RATE is 6.7% including all management fees. Building is fully occupied. There is a private backyard for the duplex apartment, and the opportunity to increase rents and add a laundry room in the basement. Nestled down the street from 99-unit and 38-unit new construction buildings and among many development sites. Just steps away from Journal Square, this neighborhood is prime with redevelopment opportunities. All utilities are separate and central AC/heat throughout the building, mini split setup in the basement. All legal base rents have been registered higher than current rents.

Room Details

Living Room

Dining Room

Kitchen

Other Room

Full Baths

Location

Listing Details

Summary

Architectural Type

•MultiLevel

Interior Features

Basement

•Finished, Full, WalkOut

Exterior Features

•Stone, Stucco

Utilities

Cooling

•A/C Central, Hot Air, A/C Wall, Gas

Heating

•A/C Central, Hot Air, A/C Wall, Gas

Miscellaneous

Assessment : 0

Zoning: M

Lattitude :

Longitude :

MLS# : 250016321

Listing Courtesy: KELLY 25001 of WEST HOBOKEN RESIDENTIAL LLC

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Notes

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