** PRICE REDUCTION ** INVESTMENT OPPORTUNITY! ~8% Cap Rate based on projected Net Operating Income and ~6% Cap Rate based on actual NOI. Great investment property or perfect for an owner occupant. 2-Family home on a 25X110 lot in the Greenville section of Jersey City. Spacious and paved low maintenance backyard with shed for work or storage. Approx. 1 block from the MLK Blvd. NJ Light Rail Station for convenient transportation to downtown Jersey City or transfer to the PATH for access into NYC. 1 block to shopping and eateries on MLK Blvd. The property currently does not have a curb cut for parking; however, an interested buyer should reach out to the city to see if one is possible as there is ample room for parking. The property has 1 boiler, 1 hot water heater, 3 gas meters (2 units & common area), and 3 electric meters (2 units & common area). The tenants pay cooking gas and electric, the owner pays heat and hot water. Income/Expense Statement is available upon request.
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