411 Palisade Ave, Jersey City, 07307 – 180008723 411 Palisade Ave, Jersey City

Property Detail

Type Status , Location Sub Location Price $850,000 Bedrooms 6 Bathrooms 2/2 Lot Area JC, Heights Flooring Hardwood Floor Heating/Cooling Gas Listing ID 180008723 Area Featues Basement: Finished Taxes $8,580 Maintenance Water Sewer Expense Year: 900 MLS # 180008723 Listing Office: SCHMITT REAL ESTATE IDX Property Type: Multifamily, 2 Family Between: Hutton & Griffin Exterior Finish: Aluminum/Vinyl

Property Description

411 Palisade Ave, Jersey City, 07307 – 180008723

The property currently consists of two apartments over one retail tenant. The retail tenant is locked into a 4 year lease with an option to renew for 2 more years after that. The retail currently pays $1,700. The apartments are both 3 bedroom 1 bathroom units that pay $1,400 and $1,500. The property provides significant upside given the location to public transportation and neighborhood amenities. The apartment tenants pay for their own Heat, Hot Water and Water & Sewer as there are separate meters in place for each apartment. The retail tenant pays for their own Heat but the owner pays for their Water & Sewer.

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Property Features

gas heat
wine cellar
trash compactors
lake view
solar Heat
storm Windows
separate Shower

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