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304 Ege Ave

5 Unit Apartment Building $1,362,900 ($272,580/Unit) Jersey City, NJ 07304

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Executive Summary

Freshly gut-renovated 5-family property just 1/4 mile from the West Side Light Rail Station in Jersey City! Situated in an area poised for significant growth and development, this neighborhood is the next up-and-coming hotspot. With a Walk Score over 90, residents enjoy unbeatable convenience to shops, dining, recreation, parks, and places of worship along West Side Avenue. All utilities, including cold water, are separately metered. Current registered rents are well above collected rents, offering investors the opportunity to align rents with market rates without additional capital investment.

Property Facts

Price	$1,362,900	Building Class	C
Price Per Unit	$272,580	Lot Size	0.07 AC
Sale Type	Investment	Building Size	3,351 SF
No. Units	5	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$1,362,900
Price Per Unit	$272,580
Sale Type	Investment
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.07 AC
Building Size	3,351 SF
No. Stories	3
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.