200 Lembeck Ave, Jersey City NJ, 07305

Active

200 Lembeck Ave

Jersey City NJ, 07305

$1,499,999

$350.14 per sqft

Active

4,284 sqft

Commercial

Built in 1926

Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.

3935664

MLSⓇ ID

November 22, 2024

Listed

December 6, 2024

Updated

Map

200 Lembeck Ave
Jersey City NJ, 07305

Interior Features

Total Stories: 3
Fireplace: No
Cooling: Yes
Cooling Description: Window Unit(s)
Heating: Yes
Heating Description: Baseboard, Natural Gas

Exterior/Building Features

Lot Size: 0.07 Acres
Roof: Asphalt
Sewer: Public Sewer

Other Property Details

Taxes: $14,762
Tax Frequency: Annually
Days on Market: 14
Garage: No
View: No
County: Hudson
Water Source: Public
Pool: No
Zoning: R-1

Courtesy of REALTY ONE GROUP PARAMOUNT with MICHAEL VERA-SILVA, AMIR ZAKIKHANI
Listing Contact: 2013473255

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service , L.L.C . Real estate listings held by other brokerage firms are marked as IDX Listing. All information deemed reliable but not guaranteed and should be independently verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.