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202 Hutton St, Jersey City, NJ, 07307

The Heights
$1,418,000

Key Information

Cap Rate
6.65%
Tot. SF
4,500
Units
6
Year Built
1900
Type
Apartments
NOI
$94,296

Highlights

  • Value-Add Opportunity

    • 6 Units
    • 6.65% Cap Rate
    • 17% Upside

  • Building Highlights

    • All Two-Bedroom Units
    • Renovated Units
    • Separately Metered
    • Tenants pay for heat, cooking gas, & electric
    • Landlord pays for water/sewer & common area electric
    • Prime Location in Jersey City

  • Convenient Transportation

    • The building is approximately a 6-minute walk to the Central Ave at Hutton St bus stop which provides a 28-minute bus ride directly to Midtown Manhattan.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Ste. 440, Teaneck, NJ 07666