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42 Beacon Ave
Jersey City, NJ 07306

Multifamily Property For Sale · 8 Units

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.06 AC
Building Size 6,000 SF
Average Occupancy 88%
No. Stories 4
Year Built 1900

ABOUT 42 BEACON AVE , JERSEY CITY, NJ 07306

Marcus & Millichap has been selected to exclusively market for sale 42 Beacon Avenue, Jersey City, NJ 07306. The property is located in The Heights section of Jersey City between Baldwin Avenue & Palisade Avenue. This subject property features eight (8) one-bedroom, one-bathroom apartments which average approximately 650 square feet in size. Presently, two of the apartments have been gut-renovated, one remains vacant and gutted, and five are still to be renovated. The property rests as an excellent value-add opportunity for an investor seeking higher returns by renovating an asset. The well maintained, four story multifamily building is ideally positioned in Jersey City’s hottest market. The Heights has experienced a massive influx in development and capital investments as it remains a premier choice of residency for tenants seeking more affordable housing compared to the expensive downtown market.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 650
  • Listing ID: 11972143

  • Date on Market: 3/19/2018

  • Last Updated:

  • Address: 42 Beacon Ave, Jersey City, NJ 07306