1074-1080 SUMMIT AVE

Estimated Monthly Payment: $7,292/mo 1074-1080 SUMMIT AVE, Jersey City, NJ 07307 MLS# 202014534 Investment Listing Status: Active
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REMARKS:

Incredible opportunity to own an 8 unit building located in the heart of Jersey City Heights. This building has plans in place to completely restore it to it’s full potential. Tons of upside as a long-term investment. 1074-1080 Summit Avenue has 2 fully gutted retail spaces and 6 residential apartments. The two commercial spaces feature lofted ceilings and easily rentable and both desirable sizes for the neighborhood. One apartment is vacant and is gutted with plans for a new remodel. Five apartments are below-market rentals with long-term upside for increases. There is a parking lot with four tandem spots allowing up to eight car parking. The building is located close to many major commuting routes and an up-and-coming shopping/dining area. Great for both an owner/user or as an investment opportunity.

OVERVIEW:

Investment
Active
JC, Heights
32x100

FINANCIAL:

$1,599,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of KELLER WILLIAMS CITY LIFE REALTY  201-659-8600

 

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