319 Old Bergen Rd, Jersey City, NJ

Multi-family for Sale - $1,200,000


Agent Info

Diane Rivera
CENTURY 21 Preferred Realty, Inc.

Property Info

CIMLS#1158847
Location
  319 Old Bergen Rd
  Jersey City NJ 07305
UpdatedMay 8th, 2024
TypeMulti-family
Price$1,200,000

Property Description

Attention developers and builders! Don't miss out on this exceptional opportunity to invest in Jersey City. We're offering a prime development project consisting of two lots, one with an existing structure, approved for the construction of 10 units with parking.This project promises a lucrative rental return upon completion, making it an enticing prospect for developers. With 10 units, a parking garage, and an elevator, this building offers convenience and luxury to future tenants. Each apartment will feature sought-after amenities, including a washer and dryer, central air heat, and custom cabinetry and countertops. Additionally, residents will enjoy the added bonus of a rooftop deck with stunning views.Situated in highly accessible locations near transportation hubs, including light rail stations and major bus routes, this project offers convenience for future residents. Additionally, its proximity to Route 440, a major highway artery connecting Bayonne to Fort Lee, provides easy access to a wide range of amenities and destinations.This is the perfect investment opportunity for developers seeking cash flow and looking to enter the vibrant Jersey City market.


Financials


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