CALLING ALL INVESTORS! A RARE OPPORTUNITY TO OWN A BRICK, 20-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED BETWEEN ZABRISKIE & GRIFFITH STREETS. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST STEPS TO NYC BUS STOP. THE BUILDING CONSISTS OF 1 STUDIO, 15 1-BRM, & 4 2-BRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY 19 UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE. ALL TENANTS ARE MONTH TO MONTH & IN ADDITION TO REGULAR RENT, THE OWNER COLLECTS $3,023/MONTH FROM T-MOBILE TOWERS GROSSING $185,980 ANNUALLY. SOME APARTMENTS NEED UPDATING, BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 7 YEARS OLD & THE BOILERS ARE IN GOOD CONDITION. GREAT OPPORTUNITY FOR INVESTORS SEEKING TO INCREASE THEIR RENTAL PORTFOLIO OR FOR A 1031 EXCHANGE. RENT ROLL & INCOME/EXPENSES ARE AVAILABLE UPON REQUEST. MOTIVATED SELLER. DON'T MISS THIS ONE! TEXT/CALL LA, JAY FOR MORE DETAILS.
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