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397 Ave C
Ideal investment opportunity in booming Bayonnne!
Listing Contacts
License: NJ 0233094
Active
Asking Price: $2,250,000
Address
397 Avenue C, Bayonne, NJ 07002
Show on MapDate Added
Jan 31, 2025
Days on Market
46 days
Time Since Last Update
21 days
Details
Property TypeMixed Use, Multifamily
SubtypeApartment Building
Square Footage2,500
Cap Rate6.40%
Occupancy100%
NOI$148,109
Units10
Year Built1920
Year Renovated2022
Buildings1
Stories3
Marketing Description
You're going to want this one! Welcome to this exceptional investment opportunity in the heart of booming Bayonne. This well-maintained mixed-use property features eight fully leased residential units, six which are completely renovated and two income-generating commercial spaces, offering a steady and diversified revenue stream. Grossing over 200,000 per year, this property displays a proven track record of appreciation. Each residential unit displays spacious, functional layouts equipped with generously sized bedrooms and ample natural light, posing a major highlight for potential tenants. Situated on a corner lot, in a high-demand, pedestrian heavy area, the commercial spaces benefit from excellent visibility, while the residential units maintain high occupancy rates. Whether you are a seasoned investor looking to expand your portfolio or just starting your investment journey, this one is a gem. Don't miss your chance to own a turnkey asset with long-term growth potential! Make it yours today!
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,109.00
$12,342.42/mo
Valuation Metrics
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0
DSCR
6.58%
Cap Rate
6.58%
ROI
Property History
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Due Diligence
Listing Contacts
- License: NJ 0233094
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