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Costanza Realtors
132 Terrace Ave, Jc, Heights, NJ 07307
- $799,000
- 7
- BD
- 5
- BA
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 260019934
- Bedrooms
- 7
- Bathrooms
- 5
- Half-baths
- 2
- County
- Hudson
- City
- Jc, Heights
Property Description
Turnkey triplex with value add opportunities. Live in one unit and rent the other to subsidize the expenses, or lease everything as a pure investment cash cow. The building has two updated 3-bed, 2-bath units over a finished 1-bed, 1-bath in law suite, so it appeals to a wide range of tenants. Outside, you'll find a sunny private yard with a gazebo and a terrace made perfect for morning coffee. This property has a strong rental history as of this past summer. With each floor occupied, the total rent collected was 6,600 per month. With lower taxes and less owner expenses, that cap rate was approximately 8%. With light cosmetic upgrades even that could be improved upon.
Additional Information
- Taxes
- $11,777
- Style
- Colonial
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Listing courtesy of COLDWELL BANKER REALTY.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than our company are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. Information is deemed reliable but not guaranteed.