$1,509,000
Home For Sale In Jersey City, New Jersey
Price:
$1,509,000
BR/BA:
8 BR, 3 BA
Location:
816 Pavonia Ave, Jersey City, NJ
Description:
Welcome to 816 Pavonia, a newly renovated 3 story 2 family property located in the prime JSQ area within redevelopment zone 4, as well as opportunity zone, and at a 6 minute walk to Journal Square Path. This fully rented two family home features 8 Bedrooms, 3 Kitchen, 3 Full Bathrooms including a fully finished Basement. Three electric and gas meters, three separate boilers/water heaters, three-zoned furnace, and window AC in all rooms. Non-historic, no known environmental issues, 25' x 100' lot, offering huge opportunity for a new development of individual condominiums or 8 9 rental units on a 4 story new construction building. Pavonia Ave is surrounded by 20+ story tower buildings, some under construction and some recently approved by the planning board. Over 1200 units planned and approved on 808 Pavonia coming right behind the property. Huge potential for our developers/investors looking to turn this into a luxury single family home with home office while overseeing their neighboring development projects. Owner occupants, move into one of the units in this turn key property while collecting rent from the other unit. For Cash Flow investors, sub-metered property is fully rented with pro-forma rents of $99, 600 in gross annual income and NOI of approx. $87, 000 and 5.7% CAP. Be a part of this hustle bustle before it turns into Midtown of Jersey City!For more details: https://realtyww.info/homes_jersey-city-d524123/for-sale_i70060935
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More About this Listing: Home For Sale In Jersey City, New Jersey
Home For Sale In Jersey City, New Jersey is a Eight Bedroom 3.5 Bath Single-Family Homes for Sale at 816 Pavonia Ave in Jersey City NJ. Find other listings like Home For Sale In Jersey City, New Jersey and listings near 816 Pavonia Ave by searching Oodle Classifieds for Eight Bedroom 3.5 Bath Single-Family Homes for Sale in Jersey City NJ.
Home For Sale In Jersey City, New Jersey is a Eight Bedroom 3.5 Bath Single-Family Homes for Sale at 816 Pavonia Ave in Jersey City NJ. Find other listings like Home For Sale In Jersey City, New Jersey and listings near 816 Pavonia Ave by searching Oodle Classifieds for Eight Bedroom 3.5 Bath Single-Family Homes for Sale in Jersey City NJ.