Jersey City, NJ 07306 · Investment · For Sale · MLS 260017763
87 Wales Ave
$1,950,000
Investment
Use
0
Parking spaces
0
Days Listed
About this property
Prime Investment Opportunity in the Heart of Jersey City! Welcome to 87 Wales Avenue, a turnkey multi-family building designed for the savvy investor seeking immediate cash flow and long-term equity growth. Situated in a highly desirable, high-demand rental pocket of Jersey City, this property boasts strong historical occupancy and an attractive, low-maintenance operational profile. Financially optimized for maximum returns, the building features separate utilities to keep landlord overhead exceptionally lean. Expenses are tightly managed with annual property taxes at $19,440.00, insurance at $9,870.00, water/sewer at $6,092.00, professional super/cleaning services at $6,000.00, and minimal annual common utilities of just $441.00. With an impressive average rent of $2,100.00 per unit, this asset offers an incredibly stable and predictable revenue stream from day one. Capitalize on Jersey City's booming rental market, excellent proximity to public transportation, and robust appreciation. Add this high-performing cash cow to your portfolio today!
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07306
MLS #260017763
Space
Stories3
Site & exposure
Parking spaces0
Investment
Annual taxes$19,440
Est. gross income$41,000
Est. operating expense$4
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 87 Wales Ave?
The asking price is $1,950,000.
What is 87 Wales 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 87 Wales 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.
