271 Griffith St
6 Unit Apartment Building $1,075,000 ($179,167/Unit) Jersey City, NJ 07307
INVESTMENT HIGHLIGHTS
- 12+ Year Ownership
- Framing Replaced on Three Sides in 2024
- Two Water Heaters Replaced in 2023
- Roof Redone in 2024
- One Water Tank Replaced in 2024
- Tenants Pay For Heat, Hot Water, Cooking Gas & Electric
EXECUTIVE SUMMARY
Broker of Record
Patrick Forde
License No. 2330333 (NJ)
Patrick Forde
License No. 2330333 (NJ)
PROPERTY FACTS Under Contract
| Price | $1,075,000 |
| Price Per Unit | $179,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,900 SF |
| No. Stories | 3 |
| Year Built | 1930 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
1 of 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 06-03404-0000-00014 | Improvements Assessment | $348,400 |
| Land Assessment | $270,000 | Total Assessment | $618,400 |
