Jersey City, NJ 07305 200 Lembeck Ave
$1,200,000



33 more


































Presented By: REALTY ONE GROUP PARAMOUNT; 201-347-3255
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Home Details
Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.
Presented By: REALTY ONE GROUP PARAMOUNT; 201-347-3255
Interior Features for 200 Lembeck Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath7
Num Units w/Half Bath
Half Baths7
Other Interior Features
Price Per Sq Ft475.00
Available Sq Ft4284
Num 3 Bdrm Units0
Num 2 Bdrm Units5
Num 1 Bdrm Units2
BasementFinished, Storage, Walkout
Fuel TypeGas-Natural
Total Stories3
General for 200 Lembeck Ave
Cap Rate5.66
ConstructionWood
CoolingWall A/C Unit(s), Window A/C(s)
CountyHudson
Directions200 LEMBECK AVE JERSEY CITY, 07305
Documents AvailableIncome & Expenses, Pro Forma
DriveNone
EasementNo
Equipment AvailableSee Remarks
Garage Spaces
Gross Income118692
Heating1 Unit, Baseboard - Cast Iron
Leasable Area
Lease IncludesHeat, Water
Lease Information1 Year Minimum, Month-To-Month
Lease TypePrimary
LocationResidential Area
MaintenanceExpense
Net Operating Income85015
Num Apts7
Number Of Units Total7
Operating Expense33677
OwnerPaysHeat, Hot Water, Water
OwnershipFee Simple
Possession0-30
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount14762
Tax Assessed Value657000
Tax Lot40
Tax Year2023
Tenant PaysElectric, Gas
Town #1806
TownshipJersey City
UtilitiesGas-Natural
Utilities Paid ByLandlord
Year Built1926
ZoningR-1
Exterior for 200 Lembeck Ave
Building Area Total4284
Exterior DescriptionWood
Lot Dimensions41.25X76.45
Lot Size Acres0.07
Max Ceiling Height8
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
