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$ 2,500,000
Est. payment | /mo
5 Baths
$ 2,500,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250019046
Full Baths 5
Annual Tax Amount $21,996
Lot Dimensions 50x100
Property Sub-Type Investment
Property Description
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!
Location
State NJ
County Hudson
Area Jc Heights
Listed by LIBERTY REALTY LLC
