349 Avenue E, Bayonne, NJ 07002

Property Description

This well-maintained 6-family property in Bayonne presents an excellent investment opportunity with strong income and future upside. The building consists of six spacious 1-bedroom units, all kept in very clean condition, making it a truly hassle-free asset for both seasoned and first-time investors. Major upgrades have already been completed, including a newer roof, updated plumbing and electrical systems, and a high-efficiency boiler—minimizing maintenance concerns and maximizing operational ease. This turnkey property offers stable performance with a current net operating income of $99,825, and a cap rate of 7.8%. Conveniently located just a 10-minute walk from the 34th Street Light Rail Station, tenants enjoy easy access to transportation, adding to the property’s desirability and long-term rental appeal. With solid returns, low upkeep, and room for future growth, this is a rare opportunity to own a care free, income-producing building in a strong and accessible location.