The Heights, Jersey City- 111 Prospect Street.
Solid, six family building in prime Heights location close to Journal Square, the Central Ave shops and restaurants, the brand new Franklin L Williams middle school and Pershing Field which is loaded with tenant amenities. This fully occupied building consists of 2 bedroom railroad style apartments less than a mile from Journal Square’s PATH and city center plus direct bus lines to midtown on the corner. Current 5% Cap Rate with upside that can be unlocked through capital improvements that will allow for higher rents. Rents are as follows: 1L-$615, 2L-$535, 3L-$1450, 1R-$1200, 2R-$950, 3R-$1100. Tenants pay for their own heat. Don’t miss this great investment opportunity in Jersey City.
- Taxes $6,130
Contact Jesse Toledano For Additional Information. 917.923.3266