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Jersey City Multifamily Investment Opportunity

529 Communipaw Ave, Jersey City, NJ 07304

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For Sale

$699,900

Multifamily property in Jersey City's Bergen-Lafayette neighborhood.

Type:Multi Family

HighLights

Multi‑family home featuring seven 1‑bedroom units in Bergen‑Lafayette.
Great investment opportunity with enormous upside potential.
Updated utilities and some modern upgrades already completed.
Close proximity to local parks, schools, shops, and restaurants.
Convenient access to public transportation.
Located in a vibrant community known for its diverse culture.

We can help!

Contact an agent

MICHAEL MORRIS

For Sale

$699,900

Multifamily property in Jersey City's Bergen-Lafayette neighborhood.

Type:Multi Family

Added:: Dec 28, 2024
Days on Market:: 556
Last Refresh:: Apr 6 at 12:19 am

Property Features for 529 Communipaw Ave

General Information

Standard status: Active
Property subtype: Multi Family

We can help!

Contact an agent

MICHAEL MORRIS

Listing office VYLLA HOME

Listing date Dec 28, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of VYLLA HOME

HighLights

Multi‑family home featuring seven 1‑bedroom units in Bergen‑Lafayette.
Great investment opportunity with enormous upside potential.
Updated utilities and some modern upgrades already completed.
Close proximity to local parks, schools, shops, and restaurants.
Convenient access to public transportation.
Located in a vibrant community known for its diverse culture.

Overview

Located in the Bergen-Lafayette section of Jersey City, this multi-family home presents an investment opportunity. The property is configured as seven 1-bedroom units, featuring some modern upgrades and renovations, including updated utilities. While requiring finish work and repairs, the property offers upside potential. Situated in a rapidly developing area, the home benefits from proximity to local parks, schools, shops, and restaurants. The Bergen-Lafayette section is known for its community, culture, and access to public transportation, making it a location for renters and homeowners. The neighborhood is experiencing growth, adding value to this investment opportunity. The buyer will be responsible for completing the city approvals to ensure the legal usage of the units. This property can be transformed into a profitable asset.

Property Profile Location Intelligence

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Apartment buildings

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Local Demand

City: Jersey City
County: Hudson
State: New Jersey
Longitude: -74.069761
Latitude: 40.716126

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For sale
Apartment buildings
NJ
Jersey City
07304
529 Communipaw Ave

What type of property is this?

Apartment building - Multifamily property in Jersey City's Bergen-Lafayette neighborhood.

Where is this apartment building located?

The property is located at 529 Communipaw Ave Jersey City, NJ.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Multi‑family home featuring seven 1‑bedroom units in Bergen‑Lafayette.; Great investment opportunity with enormous upside potential.; Updated utilities and some modern upgrades already completed.