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25 Room Boarding House 123-125 Booraem Ave 25 Unit Apartment Building $3,458,475 CAD ($138,339 CAD/Unit) Jersey City, NJ 07307
EXECUTIVE SUMMARY
Investment Gold in Jersey City – 123-125 Booraem Ave
If you’re looking for a turn-key, cash-flowing investment in the Heights section of Jersey City, this property on the tree-lined Booraem Avenue is a rare find. Operating as a Class A weekly room rental facility, it features 21 rentable rooms, 3 apartment rentals, a large detached garage rental, an oversized basement, and a long driveway on a 50x100 lot. With an experienced on-site super and a strict tenant vetting process, this property practically runs itself—income starts day one.
This boasts an attractive, strong potential 8.22% cap rate, offering impressive income potential with room for growth. With high monthly rents and near-zero vacancies, this is a true cash cow. Currently, 2 units are being renovated, providing additional upside, and it’s perfect for an owner-operator who wants to live on-site and maximize control.
The sale even includes transition time for new ownership to “learn the ropes,” making it easy to step in and start learning and earning. Ideally located near Pershing Field Park, just steps from Hoboken’s iconic 100 Steps, one block from the Central Ave bus to Port Authority, and near the soon-to-open Jersey City Reservoir Project, the location alone makes this property highly desirable.
Opportunities like this don’t come along often. 123-125 Booraem Ave is ready to generate income from day one—schedule your showing today!
If you’re looking for a turn-key, cash-flowing investment in the Heights section of Jersey City, this property on the tree-lined Booraem Avenue is a rare find. Operating as a Class A weekly room rental facility, it features 21 rentable rooms, 3 apartment rentals, a large detached garage rental, an oversized basement, and a long driveway on a 50x100 lot. With an experienced on-site super and a strict tenant vetting process, this property practically runs itself—income starts day one.
This boasts an attractive, strong potential 8.22% cap rate, offering impressive income potential with room for growth. With high monthly rents and near-zero vacancies, this is a true cash cow. Currently, 2 units are being renovated, providing additional upside, and it’s perfect for an owner-operator who wants to live on-site and maximize control.
The sale even includes transition time for new ownership to “learn the ropes,” making it easy to step in and start learning and earning. Ideally located near Pershing Field Park, just steps from Hoboken’s iconic 100 Steps, one block from the Central Ave bus to Port Authority, and near the soon-to-open Jersey City Reservoir Project, the location alone makes this property highly desirable.
Opportunities like this don’t come along often. 123-125 Booraem Ave is ready to generate income from day one—schedule your showing today!
PROPERTY FACTS
| Price | $3,458,475 CAD | Building Class | C |
| Price Per Unit | $138,339 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,600 SF |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | ||
| Zoning | R-1 | ||
| Price | $3,458,475 CAD |
| Price Per Unit | $138,339 CAD |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,600 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Zoning | R-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 06-04905-0000-00007 | Improvements Assessment | $709,144 CAD |
| Land Assessment | $527,099 CAD | Total Assessment | $1,236,243 CAD |
PROPERTY TAXES
Parcel Number
06-04905-0000-00007
Land Assessment
$527,099 CAD
Improvements Assessment
$709,144 CAD
Total Assessment
$1,236,243 CAD
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25 Room Boarding House | 123-125 Booraem Ave
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