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450-452 PALISADE AVE
450-452 PALISADE AVE
450-452 PALISADE AVE
450-452 PALISADE AVE
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450-452 PALISADE AVE
450-452 PALISADE AVE
450-452 PALISADE AVE
450-452 PALISADE AVE
Sold

450-452 PALISADE AVE

450-452 PALISADE AVE, JC, Heights, NJ 07307

$2,150,000
Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area's most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control - Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location - Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts - Highly desirable floor plan***Current Gross: $155,160 ***Potential Gross: $244,800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.

6
baths

Jesse Toledano

Jesse Toledano

Features & Amenities

Interior

  • Total bathrooms6
  • full bathrooms6

Area & Lot

  • Status Sold
  • MLS® ID250014293
  • TypeCommercial
  • NeighborhoodThe Heights

Financial

  • Sales Price$2,150,000

The Heights

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