397 Communipaw Ave
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397 Communipaw Ave
3 Unit Apartment Building $1,275,000 ($425,000/Unit) 5.63% Cap Rate Jersey City, NJ 07304
Executive Summary
Discover a remarkable investment opportunity or potential for owner use with this 3-family property located in the vibrant Jersey City, Bergen Lafayette section. Surrounded by new residential developments, this property promises the potential for an excellent ROI.
Features include a duplex unit with 4 Bedrooms, 2 full bathrooms and exclusive access to a private backyard, along with two additional 2-bedroom, 1-bathroom units. All units boast updated kitchens and bathrooms, complemented by interior common hallways showcasing original pine wood floors, soaring ceilings, and a rustic design staircase that highlights the historical charm of this distinctive property.
Conveniently situated near shopping centers, parks, and major highways, this property offers a quick commute to NYC via the Path Train or Holland Tunnel. Don’t miss this opportunity – schedule a visit today to explore the potential of this exceptional property.
Features include a duplex unit with 4 Bedrooms, 2 full bathrooms and exclusive access to a private backyard, along with two additional 2-bedroom, 1-bathroom units. All units boast updated kitchens and bathrooms, complemented by interior common hallways showcasing original pine wood floors, soaring ceilings, and a rustic design staircase that highlights the historical charm of this distinctive property.
Conveniently situated near shopping centers, parks, and major highways, this property offers a quick commute to NYC via the Path Train or Holland Tunnel. Don’t miss this opportunity – schedule a visit today to explore the potential of this exceptional property.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $3,800 | - |
| 2+1 | 1 | $2,000 | - |
| 2+1 | 1 | $1,950 | - |
1 of 1
Walk Score ®
Very Walkable (87)
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
-
Francesco Mazzaferro -
Robert Harris -
Team-Francesco Commercial LLC
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397 Communipaw Ave
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