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Off-Market
600 West Side Ave
Jersey City, NJ 07304, USA
List price
$490,000
4
beds
2.5
baths
1,056
sq ft
1905-01-02
built
Multi Family
Photos of the property
Explore the location
· from aerial to streetside.
Story
OfferMarket Exclusive Listing
2-unit (duplex) in Jersey City, NJ. Ideal for house hacking your primary residence or as a cash flowing investment property.
OPEN HOUSE: 6pm - 8pm Wednesday July 28th **BY APPOINTMENT ONLY -- SCHEDULE TOUR BUTTON ABOVE**
Floorplan
- 3D home tour: https://app.cloudpano.com/tours/-9ximaKrCy
- Unit 1 (downstairs): 1BR/1BA, 750 Sq Ft (second group of pictures)
- Unit 2 (upstairs): 3BR/1.5BA, 1056 Sq Ft (first group of pictures)
Metering
- Electric: separate
- Gas: separate
- Water: master meter and sub meter
Rental insights
- Unit 1
- Current rent: $1,100
- Market rent: $1,100 - $1,250
- Occupancy status: vacant (tenant moved out 6/30/2021)
- Unit 2
- Current rent: $1,850
- Market rent (AS IS): $2,000 - $2,250
- Market rent with improvements: $2,500
- Notes: Section 8 Tenant
- Current tenant will be month-to-month 8/1/2021
Comps
- 184 Boyd Ave, Jersey City, NJ 07304 (sold: 6/1/2021, $575,000)
Commute
- Journal Square Path Station (1.4 miles)
- Penn Station (50 min by Path Train)
- Newark Airport - EWR (7.3 miles)
Tax
- 2021: $5,232
Property details
22 details the seller has shared
Property
· The bones — what the buyer sees first
Bedrooms
4
Full baths
2
Half baths
1
Finished sq ft
1,556 sq ft
Above-grade sq ft
1,056 sq ft
Below-grade finished sq ft
500 sq ft
Year built
1905
Stories
3
Units
2
Property type
Multi Family
Occupancy
Rental Property
Condition (1–5)
3
Neighborhood
West Side, Jersey City
County
Hudson County
Financials
· What it earns and what it costs to hold
ARV (after repair)
$600,000
Tax-assessed value
$325,000
Property tax rate
1.6%
Cap rate
6%
Cash-on-cash return
7%
Monthly cash flow
$775 /mo
Features
· Comfort, climate, and curb appeal
Basement
Finished
History & terms
· Past sales, updates, and deal mechanics
Year renovated
2018
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