House Description

Rare Opportunity – Three Units in Journal Square for Under $700,000! Positioned in one of Jersey City's continuously growing neighborhoods, this property presents an exceptional opportunity to acquire a three-family investment property in the heart of Journal Square for less than $700,000. Whether you're a seasoned investor or looking to expand your portfolio, opportunities like this are becoming increasingly difficult to find. The property features three 1-bedroom, 1-bathroom apartments, each with separate utilities, helping minimize operating expenses while maximizing cash flow potential. Combined with low taxes and low carrying costs, this is an attractive long-term hold in a neighborhood experiencing significant transformation. Directly across the street, a newly approved 166-unit residential development is underway, further reinforcing the area's continued growth and investment. As Journal Square and Bergen Lafayette continue to evolve with new residential projects, infrastructure improvements, and increasing demand from both renters and buyers, properties like this are well positioned for future appreciation and rental growth. Located just minutes from the Journal Square PATH Station, Downtown Jersey City, Liberty State Park, and major highways, the property offers outstanding connectivity for commuters traveling to Manhattan and throughout Northern New Jersey. Investment opportunities offering three units in Journal Square at this price point are becoming increasingly scarce. Don't miss your chance to secure an asset in one of Hudson County's most dynamic and rapidly appreciating neighborhoods.

Highlights

Listed by NICHOLAS STEPHEN PRONTI , 201-333-7717 PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY , 201-333-7717. Hudson County Multiple Listing Service

Property Type

Multi-Family

HOA Fee

County

Hudson

Listing ID

260013152

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Payment Breakdown

Principal Interest

$3,557

Taxes

$780

HOA

Home Price

$699,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$139,800

Down Payment

Down Payment %

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Monthly Price:

$3,557.36

Principal

Taxes

HOA