Listed by Michael Joo Howard Hanna Rand Realty, Old Tappan
Bought with Michael Joo Howard Hanna Rand Realty, Old Tappan

$951,000

Est. payment -/mo

$849,777

11.9%

Est.Price: ?

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608 Palisade AVE Jersey City, NJ 07307

3 Baths

SOLD DATE : 01/10/2025

Key Details

Sold Price $951,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24030285

Sold Date 01/10/25

Style 3 Family

Full Baths 3

Property Sub-Type 3 Family

Property Description

OFFER ACCEPTED - NO more showings. Looking for a phenomenal, meticulously maintained, 3 unit investment/owner-occupied property in desirable, vibrant JC Heights, w/ an almost never-seen 7.1% CAP RATE? A quiet, perfect location that can't be beat - a commuter's dream literally steps to 9th/Congress St Light Rail, just 2 stops to Hoboken/NYC PATH & 2 blocks to Washington Park. The expanded 1st Fl 1BR w/ formal DR unit can be a 2BR/1BA w/ generous BRs & modern renovated bath.The 2nd Fl unit (renovated 1 year ago) w/ a beautiful kitchen & modern bath, new floors, dining area & lg BR w/ windowed bonus den/office/nursery. 3rd Fl unit almost identical w/ larger den and closet. The full, high ceiling BSM has storage rooms & shared washer/dryer. This is one of those rare 'no-brainer' investments w/ a potential gross income of $77,400 & 7.1% Cap Rate, w/ a 24' x 100' lot size, larger than most 3-4F in this price range. Although no known issues, sold strictly "as is."