1727 41st St

Hudson County NJ 07047

2766 sq. ft.

2374 sq. ft.

Multi-Family

Last sold for $450,000

John Scipione, last sold this property on 26 March 2017 after 736413 days on market.

Overview

INVESTMENT OPPORTUNITY! ~6% Cap Rate based on projected Net Operating Income. This two-family brick home is in great condition and features two spacious 2 Bed / 1 Bath units with parking for 4 cars (2 garage spaces & 2 off-street parking spaces). Tenants are on month-to-month leases at a below-market rent of $1,350/month per unit. Market-rate rent is approximately $1,600/month. In the past, the owner has rented the garage to a third-party for $300/month. The units have been well-kept and include hardwood floors throughout and modern kitchens. In the garage, there are three individual boilers, hot water heaters, and separate gas & electric meters. Tenants pay gas, heat, and electric. Owner pays water/sewer, insurance, and real estate taxes. The location can't be beat - tenants walk just 5 minutes to the Tonnelle Avenue Light Rail Station for transportation to NYC. This two family home won't last long, schedule a showing today!

Features

4 bedrooms

2 bathrooms

2766 sq. ft. floor area

2374 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 4 bedroom multi families sold in Hudson County over the last 12 months.

Property history for 1727 41st St

2017

Sold

$450,000

26 Mar 2017 by John Scipione

Happy sellers in Hudson County

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