Jersey City, NJ 07307 · Investment · For Sale · MLS 250019046
123-125 Booraem Ave
$2,500,000
Investment
Use
2
Units
Garage
Parking spaces
311
Days Listed
About this property
Investment Gold in Jersey City – 123-125 Booraem Ave If you’re looking for a turn-key, cash-flowing investment in the Heights section of Jersey City, this property on the tree-lined Booraem Avenue is a rare find. Operating as a Class A weekly room rental facility, it features 21 rentable rooms, 3 apartment rentals, a large detached garage rental, an oversized basement, and a long driveway on a 50x100 lot. With an experienced on-site super and a strict tenant vetting process, this property practically runs itself—income starts day one. This boasts an attractive, strong potential 8.22% cap rate, offering impressive income potential with room for growth. With high monthly rents and near-zero vacancies, this is a true cash cow. Currently, 2 units are being renovated, providing additional upside, and it’s perfect for an owner-operator who wants to live on-site and maximize control. The sale even includes transition time for new ownership to “learn the ropes,” making it easy to step in and start learning and earning. Ideally located near Pershing Field Park, just steps from Hoboken’s iconic 100 Steps, one block from the Central Ave bus to Port Authority, and near the Jersey City Reservoir Project, the location alone makes this property highly desirable. Opportunities like this don’t come along often. 123-125 Booraem Ave is ready to generate income from day one—schedule your show
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07307
MLS #250019046
Space
Units2
Site & exposure
Parking spacesGarage
Investment
Annual taxes$21,996
Est. gross income$226,200
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Jersey City zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 123-125 Booraem Ave?
The asking price is $2,500,000.
What is 123-125 Booraem Ave zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 123-125 Booraem Ave?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
