91 ROMAINE AVE new Save Request In-Person Tour Request Virtual Tour
Jc Journal Square,NJ 07306
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250015938
Bedrooms 15
Full Baths 7
HOA Fees $4/mo
Annual Tax Amount $17,705
Tax Year 2024
Lot Dimensions 33.37X100
Property Sub-Type 4 Family
Property Description
Your Best Journal Square Investment Deal is finally here!! Welcome to 91 Romaine Ave, a seven-unit multifamily commercial property with an upside. Property is fully occupied with stable rents, on a 3,337 SQFT oversized lot in R3 Zone. Four of the 7 units have been recently renovated. Each unit comes with its own water boiler and PSEG meters. Landlord pays for water, sewer, common electric, trash removal and pest control. Buy and Hold now, Build 4-5 story building with 12 - 18 units later. Collect rents while the property appreciates at 8% - 10% yearly rate in the fastest redeveloping neighborhood of Jersey City, Prime Journal Square sub-market. Minutes to Journal Square Path Train, direct trains to NYC Downtown at World Trade Center and Midtown at 33rd Street Station.
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Partial Finish
Interior
Heating A/C Wall,Hot Water
Cooling A/C Wall,Hot Water
Exterior
Exterior Feature Brick
Parking Features None