Description
Pleased to offer 327 Adams Street, Hoboken, NJ 07030. A 10-unit building comprising 8 residential + 2 commercial lofts. 25 X 100 lot. Located 4 short blocks to Church Square Park. The property completed an extensive gut renovation end of 2017, it is 100% leased with a gross rent average of $4.42 sf/mo. This offering represents the opportunity to acquire the asset and add value by increasing the rents to market as leases renew in the short term. All units are separately metered for electric and gas. Tankless hot water systems in place. Washer/dryer combos & private balconies in all residential units. The NOI is $249,364. 5.6% cap rate. *Owners hold real estate sales agent/broker licenses
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0BEDS
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N/AACRES
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10BATHS
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01/2 BATHS
School Ratings & Info
Description
Pleased to offer 327 Adams Street, Hoboken, NJ 07030. A 10-unit building comprising 8 residential + 2 commercial lofts. 25 X 100 lot. Located 4 short blocks to Church Square Park. The property completed an extensive gut renovation end of 2017, it is 100% leased with a gross rent average of $4.42 sf/mo. This offering represents the opportunity to acquire the asset and add value by increasing the rents to market as leases renew in the short term. All units are separately metered for electric and gas. Tankless hot water systems in place. Washer/dryer combos & private balconies in all residential units. The NOI is $249,364. 5.6% cap rate. *Owners hold real estate sales agent/broker licenses
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Data last updated: 2023-10-02T19:25:54.423.