ATTENTION ALL INVESTORS!!! A GREAT OPPORTUNITY TO OWN A BRICK, 16-UNIT RESIDENTIAL BUILDING IN THE HEIGHTS SECTION OF JERSEY CITY, SITUATED ON THE CORNER OF SUMMIT AVE & SANFORD PL ACROSS THE STREET TO PERSHING FILD PARK. THIS SOLID, 4-STORY BUILDING IS CONVENIENTLY LOCATED JUST MINUTES TO NYC BUS STOP. THE BUILDING CONSISTS OF 2 STUDIOS, 1 TWO-BRM, & 13 ONE-BDRM APTS. TENANTS PAY FOR ELECTRIC & COOKING GAS. THE HEAT, COLD & HOT WATER ARE PAID BY THE OWNER. CURRENTLY ALL UNITS ARE RENTED AND THE RENTS ARE BELOW MARKET VALUE, GROSSING $132,780 ANNUALLY. ALL TENANTS ARE MONTH TO MONTH. SOME APARTMENTS NEED UPDATING BUT STRUCTURALLY THE BUILDING IS IN GREAT SHAPE. THE ROOF IS APPROX. 9 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, WON'T LAST LONG! TEXT/CALL LA, JAY FOR MORE DETAILS.
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