61 BEACON AVE

Estimated Monthly Payment: $58,142/mo 61 BEACON AVE, Jersey City, NJ 07306 MLS# 202018829 4 Family Listing Status: Active
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REMARKS:

The building is approximately ~3,871 square feet on three and half (3.5) floors over one (1) garden apartment. The property sits detached on an irregular ~1,932 square foot lot. The garden unit has over ~1,000 square foot of renovated outdoor space with private entrance in back of building with second egress into first floor foyer. Current ownership has owner-occupied for the past 7 years. The building has undergone a complete capital improvement project modernizing layouts, upgrading utilities for each unit + house meter, complete kitchen/bathroom remodeling on all units, installed high-efficiency Navien boilers, upgraded all units with new Samsung appliances and all but unit 3 has washer/dryer in unit. Top floor attic was renovated into a duplex unit and the significant upgrades done to the garden unit include custom carpentry, mounted flat 48" Samsung screen, (3) Google Wifi Routers, (3) Nest Camera's, waterfall shower, California closet system and Fujitsu HVAC make it a truly remarkable apartment. This trophy asset throws off $86,700.00 a year in cash flow and with newly reduced taxes and lease expirations through Q4 of 2021 you can guarantee uninterrupted cash flow for the future. Current. All tenants have individual agreements with neighboring property owner for gated outdoor parking spaces

OVERVIEW:

4 Family
Active
JC, Heights
Multi-Level
Aluminum/Vinyl
Other-See Remarks
$595

ROOM INFO:

Finished

FINANCIAL:

$12,750,000
$3,600

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of GRID REAL ESTATE LLC  201-254-8734

 

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