Remarks

Here is a perfect opportunity to make your mark on the booming Bayonne market. Less than one year old newer construction building on Broadway offers immediate rental income as there are five tenants in place with long term leases with 5% increases year over year. Units 101, 201 & 301 & 302 are occupied until October 31, 2027. Unit 202 is occupied until October 31, 2026. The commercial space is currently rented under a 5 year lease with 5 year option. All residential units have stainless steel appliances, granite countertops, modern soft close cabinetry and tile backsplash. Units 101, 201 & 301 are all one bedroom units with one full bath. Units 202 & 302 are large 2 bedrooms (1 bedroom + large den) with two full baths with private terraces. Every unit has gorgeous hardwood floors, recessed lighting, central air & heat and in unit washer & dryer. The full basement offers one large storage room for the commercial space and 5 dedicated storage rooms for each apartment. Fully sprinklered building and pleasing to the eye in front and back. ADA accessible apartment from the back of the building. Nothing to do here except sit back and let this amazing opportunity work for you. Ask to see income and expense report.

Details

MLS#: 250007465
Price: $2,600,000

Style: Investment

County: Hudson
Lot Size: 00008
Tax Fee: 0