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608 PALISADE AVE, JC, Heights, NJ, 07307

  • $849,777
608 PALISADE AVE , 608 PALISADE AVE , JC, Heights, JC, Heights, Hudson

608 PALISADE AVE, JC, Heights, NJ, 07307

608 PALISADE AVE , 608 PALISADE AVE , JC, Heights, JC, Heights, Hudson
  • $849,777

Overview

Property ID: 240018248
  • 3 Family
  • Property Type
  • 3
  • Bathrooms
  • 240018248
  • Property ID
  • Address 608 PALISADE AVE
  • City JC, Heights
  • State/county Hudson
  • Zip/Postal Code 07307
  • Area JC, Heights
  • Country USA

Details

Updated on October 31, 2024 at 12:01 am
  • Property ID: 240018248
  • Price: $849,777
  • Bathrooms: 3
  • Property Type: 3 Family
  • Property Status: For Sale

Additional details

  • Lot: 45
  • LotSizeSqft: 0
  • Est Tax: $11558
  • TaxYear: 2023
  • In Between: Congress St and Paterson Plank Rd

Description

***** Looking for a phenomenal, meticulously maintained, 3 unit multi-family investment or owner-occupied property in desirable, vibrant JC Heights, with an almost never-seen 7.1% CAP RATE? Read on… ***** For starters, a quiet, perfect location that can’t be beat. This commuter’s dream (and for your tenants) is literally steps (1 minute walk) to the elevator for 9th/Congress St Light Rail, then just 2 stops to Hoboken/NYC PATH. Also many options for commuter vans & NJ Transit buses to NYC, Hoboken/Journal Sq & Downtown JC/Newport Mall. Just 2 blocks to Washington Sq. Park.   ***** The expanded 1st floor unit is easily re-purposed as a 2BR/1BA (see floor plan – currently used as 1BR w/ formal DR), and features very generously sized BRs roughly 13′ x 13′ or 169 SF each, and a modern renovated bathroom. ***** The 2nd floor unit was recently renovated 1 year ago with a beautiful kitchen & modern bath, new floors, dining area and large roughly 13′ x 13′ BR, plus flexible (Windowed!) bonus den/office/nursery (about 7′ x 7′ or 50 SF). ***** The 3rd floor unit features an almost identical layout, except it features a generously sized closet as well as a more spacious (also Windowed!) bonus den/office/nursery (about 9′ x 7′ or 65 SF). ***** The full basement w/high ceiling heights currently has abundant, separate and lockable storage rooms for each unit (one is very large), and washer/dryer for common use. However, it offers tremendous opportunity and potential to add an additional den/BR & bathroom to be combined with the 1st floor unit into a 3BR/2BA, while keeping tenant access to the common laundry via a separate rear basement entrance. The ample backyard space has the potential to be a private or shared garden oasis with BBQ. ***** This is one of those rare “no-brainer” investments with a potential gross income of $77,400 and Cap Rate of 7.1%, not to mention a 24′ x 100′ lot size, larger than most 3-4 families in this price range. Property being sold strictly “as is” w/ no known conditions. Detailed floor plans, 3D-Virtual Tour, walkthrough-video available in links. ***** JC Heights is quiet, yet full of such vibrant culture & community, and convenience. Enjoy the diversity and cuisines of critically-acclaimed and renowned restaurants, bakeries, cafes, bars & boutiques opening daily – Bread & Salt, The Hutton, Low Fidelity, Cocoa Bakery, Angel Azul Cafe, and much more.

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Listed By: HOWARD HANNA RAND REALTY

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