Property

Jersey City, NJ 07305 200 Lembeck Ave

200 Lembeck Ave Jersey City, NJ - Image 1200 Lembeck Ave Jersey City, NJ - Image 2200 Lembeck Ave Jersey City, NJ - Image 3
33 more
200 Lembeck Ave Jersey City, NJ - Image 4200 Lembeck Ave Jersey City, NJ - Image 5200 Lembeck Ave Jersey City, NJ - Image 6200 Lembeck Ave Jersey City, NJ - Image 7200 Lembeck Ave Jersey City, NJ - Image 8200 Lembeck Ave Jersey City, NJ - Image 9200 Lembeck Ave Jersey City, NJ - Image 10200 Lembeck Ave Jersey City, NJ - Image 11200 Lembeck Ave Jersey City, NJ - Image 12200 Lembeck Ave Jersey City, NJ - Image 13200 Lembeck Ave Jersey City, NJ - Image 14200 Lembeck Ave Jersey City, NJ - Image 15200 Lembeck Ave Jersey City, NJ - Image 16200 Lembeck Ave Jersey City, NJ - Image 17200 Lembeck Ave Jersey City, NJ - Image 18200 Lembeck Ave Jersey City, NJ - Image 19200 Lembeck Ave Jersey City, NJ - Image 20200 Lembeck Ave Jersey City, NJ - Image 21200 Lembeck Ave Jersey City, NJ - Image 22200 Lembeck Ave Jersey City, NJ - Image 23200 Lembeck Ave Jersey City, NJ - Image 24200 Lembeck Ave Jersey City, NJ - Image 25200 Lembeck Ave Jersey City, NJ - Image 26200 Lembeck Ave Jersey City, NJ - Image 27200 Lembeck Ave Jersey City, NJ - Image 28200 Lembeck Ave Jersey City, NJ - Image 29200 Lembeck Ave Jersey City, NJ - Image 30200 Lembeck Ave Jersey City, NJ - Image 31200 Lembeck Ave Jersey City, NJ - Image 32200 Lembeck Ave Jersey City, NJ - Image 33200 Lembeck Ave Jersey City, NJ - Image 34200 Lembeck Ave Jersey City, NJ - Image 35200 Lembeck Ave Jersey City, NJ - Image 36200 Lembeck Ave Jersey City, NJ - Image 37
Presented By: REALTY ONE GROUP PARAMOUNT; 201-347-3255
  • MLS# 3935664
  • 11/22/2024
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 7
  • SQFT • 4,284

Home Details

Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.
Presented By: REALTY ONE GROUP PARAMOUNT; 201-347-3255

Interior Features for 200 Lembeck Ave

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath7
Num Units w/Half Bath
Half Baths7

Other Interior Features

Price Per Sq Ft475.00
Available Sq Ft4284
Num 3 Bdrm Units0
Num 2 Bdrm Units5
Num 1 Bdrm Units2
BasementFinished, Storage, Walkout
Fuel TypeGas-Natural
Total Stories3

General for 200 Lembeck Ave

Cap Rate5.66
ConstructionWood
CoolingWall A/C Unit(s), Window A/C(s)
CountyHudson
Directions200 LEMBECK AVE JERSEY CITY, 07305
Documents AvailableIncome & Expenses, Pro Forma
DriveNone
EasementNo
Equipment AvailableSee Remarks
FULLFee Simple
Garage Spaces
Gross Income118692
Heating1 Unit, Baseboard - Cast Iron
Leasable Area
Lease IncludesHeat, Water
Lease Information1 Year Minimum, Month-To-Month
Lease TypePrimary
LocationResidential Area
MaintenanceExpense
Net Operating Income85015
Num Apts7
NumberOfUnitsTotal7
Operating Expense33677
OwnerPaysHeat, Hot Water, Water
Possession0-30
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount14762
Tax Assessed Value657000
Tax Lot40
Tax Year2023
Tenant PaysElectric, Gas
Town #1806
TownshipJersey City
UtilitiesGas-Natural
Utilities Paid ByLandlord
Year Built1926
ZoningR-1

Exterior for 200 Lembeck Ave

Building Area Total4284
Exterior DescriptionWood
Lot Dimensions41.25X76.45
Lot Size Acres0.07
Max Ceiling Height8
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Catarina Gomes

Associate
Price $1,399,999
MLS#3935664
List Date 11/22/2024
Property Type Commercial
Request Tour
Request Info
Visit My Website

Similar Properties to 200 Lembeck Ave

Get Pre-approved