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557 Ocean Ave

Jersey City, Bergen-Lafayett, NJ 07305
  • $1,800,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 220019369
UPDATED: 72 min ago
$1,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Description

557 Ocean Ave. in Jersey City - Rarely available turn key mixed use investment property consisting of 5 residential units and a well established grocery / convenience store. Above the commercial units are two spacious pre war 4 bedroom / 1 bathroom corner units sporting high ceilings, exposed brick, hard wood floors and an abundance of natural light. On the Wilkinson Ave side are three completely renovated units with new high efficiency ductless heating and cooling systems, sleek kitchens, and rich dark hardwoods: Apt 1 comes with a coveted private 2 car garage with curb cut, 1 bedroom + office / bonus room, Apt 2 has all the same high end finishes, 1 bedroom, bonus room and an expansive great room, and Apt 3 another 1 bedroom with an open concept floor plan. Strong cash flow from the 6 tenants, plus the freshly renovated worry free apartments make 557 Ocean Ave an ideal addition to any real estate portfolio. Close to public transportation, shopping, parks, schools, and a 30 minute in NYC. Gross Rent: $141,264* Expenses: $21,200 NOI: $120,064 *2 units (#2 & 4) are currently vacant

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© 2023 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2023-02-02T19:25:49.76.
www.providentlegacyres.com/homes/134460427
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557 Ocean Ave Jersey City, Bergen-Lafayett, NJ 07305

  • Price: $1,800,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 72 min ago
  • MLS #: 220019369
0
Beds
5
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Bergen-Lafayette
County:
Hudson
Area:
Jersey City, Bergen-Lafayette
Property Description
557 Ocean Ave. in Jersey City - Rarely available turn key mixed use investment property consisting of 5 residential units and a well established grocery / convenience store. Above the commercial units are two spacious pre war 4 bedroom / 1 bathroom corner units sporting high ceilings, exposed brick, hard wood floors and an abundance of natural light. On the Wilkinson Ave side are three completely renovated units with new high efficiency ductless heating and cooling systems, sleek kitchens, and rich dark hardwoods: Apt 1 comes with a coveted private 2 car garage with curb cut, 1 bedroom + office / bonus room, Apt 2 has all the same high end finishes, 1 bedroom, bonus room and an expansive great room, and Apt 3 another 1 bedroom with an open concept floor plan. Strong cash flow from the 6 tenants, plus the freshly renovated worry free apartments make 557 Ocean Ave an ideal addition to any real estate portfolio. Close to public transportation, shopping, parks, schools, and a 30 minute in NYC. Gross Rent: $141,264* Expenses: $21,200 NOI: $120,064 *2 units (#2 & 4) are currently vacant
Exterior Features

Covered Parking Yes Number Parking Spaces 2 Stories 3

Interior Features

Four Plus Bedrooms 2 One Bedrooms 3

Property Features

Commercial Type Investment Easements No Elevators No Fuel Gas Gross Income 11772 Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 9200 Rent Control Yes Taxes 12000

Listing provided courtesy of Corcoran Baer & Mcintosh:201-750-1100.


© 2023 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2023-02-02T19:25:49.76.
 
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Bayonne NJ, 07002