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$ 875,000
Est. payment | /mo
3 Beds
3 Baths
$ 875,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260007726
Bedrooms 3
Full Baths 3
HOA Fees $1/mo
Annual Tax Amount $11,215
Property Sub-Type 3 Family
Property Description
Situated in the heart of the thriving Journal Square district, this property presents a premier investment opportunity within a 2,744-square-foot, three-family residence. This well-maintained property is uniquely positioned for a value-add strategy, offering three spacious units—each featuring one bedroom and one bathroom. A standout feature for any landlord is the full separation of utilities; gas, electricity, and water are all individually metered, significantly minimizing owner expenses. The building's current status is ideal for immediate cash flow or owner-occupancy, with two units currently occupied and one vacant unit ready for modernization. While the interiors have been meticulously cared for, they remain in their classic condition, providing a blank canvas for an investor to renovate and capture top-of-market rents. This property allows you to capitalize on the neighborhood's rapid appreciation while enjoying the stability of a turn-key layout with long-term upside potential. The location is a commuter's dream, located just blocks from the Journal Square Transportation Center with 24/7 PATH service to Manhattan and Jersey City's waterfront. Residents benefit from being a few blocks away from the cultural hub of Bergen Avenue, the historic Loew's Jersey Theatre, and the expansive 270-acre Lincoln Park. As the Journal Square skyline continues to transform with world-class developments, assets like 77 Giles Avenue offer a rare combination of residential neighborhood charm and metropolitan convenience, making it a cornerstone for any real estate portfolio.
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Full
Interior
Heating A/C Window, Baseboard, Gas
Cooling A/C Window, Baseboard, Gas
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features None
Listed by EXP REALTY LLC