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198 GRIFFITH St 6 Unit Apartment Building $1,985,394 CAD ($330,899 CAD/Unit) 6.82% Cap Rate Jersey City, NJ 07307
Executive Summary
Solid modern and renovated 6 Unit residential investment property centrally located in Jersey City Heights one of Jersey City's most sought-after neighborhoods, and in walking distance to stores, shops, restaurants & transportation. Where solid 6 unit class A investments are hard to come by. This property checks all the boxes investors are looking for. Strong Cash Flow of $134,666.64, Updated and Modern Units, high demand units that cater to both single occupant or family occupant tenants that will provide minimum vacancy throughout the ownership. Four units were gut renovated approximately 12 to 15 years ago and 2 units were renovated within the last 3 years. All 6 units have modern appliances, granite or quartz countertops
Property Facts
| Price | $1,985,394 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $330,899 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.82% | Building Size | 3,102 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | ||
| Zoning | N/Av | ||
| Price | $1,985,394 CAD |
| Price Per Unit | $330,899 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,102 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | N/Av |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-02801-0000-00049 | Improvements Assessment | $705,611 CAD |
| Land Assessment | $373,559 CAD | Total Assessment | $1,079,169 CAD |
Property Taxes
Parcel Number
06-02801-0000-00049
Land Assessment
$373,559 CAD
Improvements Assessment
$705,611 CAD
Total Assessment
$1,079,169 CAD
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198 GRIFFITH St
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