Remarks

It is not everyday that a six family building like 259 3rd st in Hoboken comes to market. This income producing asset has been family owned for decades and kept in remarkable condition. Located on 3rd street between Park and Willow, you could not ask for a better ideal neighborhood location. The building is fully rented at the moment with the current owners vacating their unit once the property is sold. Take this opportunity to be an owner/occupant and move in or rent it out at market rent, which would yield a potential 5.3% cap rate. This property features (4)one bedroom units and (2) three bedroom units, one of which is the owners suite. Newer furnace and water heaters operating in excellent order. All rents are registered and properly recorded with the city of Hoboken. Tenants pay electric, cooking gas and hot water. Immediately near Church Square Park, the hospital, houses of worship, shopping, the PATH and bus lines, restaurants, nightlife and so much more. This is a classic Hoboken offering that’s worth the long term hold. Inquire within.

Details

MLS#: 240016176
Price: $2,400,000

Style: Investment

County: Hudson
Lot Size: 18
Tax Fee: 10390