Hoboken, NJ 07030 227 Clinton St

Large building on an oversized 25 X 133 lot. Six apartments spread across four floors plus a partially finished basement. Four of the apartments are side-by-side, two per floor. Two apartments are double sized wrap-around apartments that each take up an entire floor. The rents are over $20k per month and nearly $250k per year, and the low expenses bring the NOI to $208k. The large and dry basement, that has a full bathroom, can be rented as storage, or it can provide a space for the landlord to use at their discretion. The backyard is currently not shared with any of the apartments so this is another avenue of potential. This well maintained building is up to date on all inspections and is an excellent addition to any real estate portfolio.