13 Coles St Jersey City, NJ 07302

Property Details for 13 Coles St

Year built

1905

Property type

Commercial real estate

Description

This three-unit apartment building, located at 13 Coles St in Jersey City's desirable Downtown neighborhood, presents a compelling investment opportunity. Built in 1905, this three-story building sits on a 22.08 x 72.63 lot and offers three one-bedroom, one-bathroom units. Currently, the occupancy rate is 33%, with Units 1 and 3 vacant and Unit 2 generating rental income. The property is offered at an asking price of $1,495,000 and can be delivered fully vacant upon request. Its prime location provides easy access to a variety of dining establishments, the Grove Street PATH station, offering convenient commutes to Manhattan, and the serene Van Vorst Park. This property is ideal for owner-users seeking a multi-family residence or investors looking to capitalize on the thriving Jersey City real estate market. The building's classic architecture and convenient location combine to create a strong potential for rental income and appreciation. Each unit includes a living room, dining room, and kitchen, providing comfortable living spaces for tenants. This is a rare opportunity to acquire a well-situated multi-family property in a highly sought-after area of Jersey City. The property's private ownership and potential for increased occupancy make it an attractive investment.