Jersey City, NJ 07306 · Investment · For Sale · MLS 260011237
718 West Side Ave
$899,900
Investment
Use
3
Units
44
Days Listed
About this property
Mixed-Use Investment Opportunity - Prime Jersey City Location Exceptional value-add mixed-use investment featuring three units consisting of one street-level retail space and two spacious residential apartments. The commercial storefront offers approximately 1,100 square feet, 1.5 bathrooms, excellent street visibility, storefront access, and rear yard access. Previously operated as a juice bar and approved for a RETAIL LOCATION (buyer to perform their own due diligence regarding zoning and permitted uses). The residential component consists of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases, providing immediate cash flow with substantial upside potential. Current rents are below market, offering investors a strong opportunity to increase income and maximize returns as a value add proposition. Property features separate gas, electric, and water meters, with landlord currently paying water and sewer expenses. The retail tenant is responsible for 40% of the water and sewer charges. Additional highlights include a huge walkout basement, separate heating systems, natural gas heat, hot water baseboard heating, maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels. The retail space also features a 9-foot drop ceiling and central air conditioning. Current monthly income is approximately $5,875/month ($7
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07306
MLS #260011237
Space
Units3
Stories3
Investment
Annual taxes$13,356
Est. gross income$71,000
Est. operating expense$4,200
Mixed useYes
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 718 West Side Ave?
The asking price is $899,900.
What is 718 West Side 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 718 West Side 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.
