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25 Room Boarding House 123-125 Booraem Ave 25 Unité Immeuble d’appartements 3 443 275 $ CAD (137 731 $ CAD/Unité) Jersey City, NJ 07307
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RÉSUMÉ DE L'ANNONCE
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!
FAITS SUR LA PROPRIÉTÉ
| Prix | 3 443 275 $ CAD | Classe d’immeuble | C |
| Prix par unité | 137 731 $ CAD | Taille du lot | 0,11 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 600 pi² |
| Nombre d’unités | 25 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1940 |
| Sous-type de propriété | Appartement | ||
| Zonage | R-1 | ||
| Prix | 3 443 275 $ CAD |
| Prix par unité | 137 731 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 25 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,11 AC |
| Taille du bâtiment | 4 600 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1940 |
| Zonage | R-1 |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Walk Score®
Un paradis pour un marcheur (93)
Transit Score®
Excellent transport en commun (79)
Impôts fonciers
| Numéro de lot | 06-04905-0000-00007 | Évaluation des bâtiments | 709 144 $ CAD |
| Évaluation du terrain | 527 099 $ CAD | Évaluation totale | 1 236 243 $ CAD |
Impôts fonciers
Numéro de lot
06-04905-0000-00007
Évaluation du terrain
527 099 $ CAD
Évaluation des bâtiments
709 144 $ CAD
Évaluation totale
1 236 243 $ CAD
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25 Room Boarding House | 123-125 Booraem Ave
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