581-583 Palisade Avenue
$2,200,000
12
12
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Description
12 units Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving...12 units Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving neighborhood. $2,200,000 for the package. UNIT # Rent $ 581 1 $ 1,047 2 $ 1,059 3 $ 963 4 $ 851 5 $ 949 6 $ 1,300 1 - delivered vacant) $ 636 2 $ 939 3 $ 1,300 4 $ 780 5 $ 950 6 $ 937 Total $ 11,711 Annual $ 140,532 Taxes $ 22,613 PSEG/Utilities $ 4,881 JC Water $ 9,559 Insurance $ 12,635 Cleaning $ 1,200 Repair and Maint $ 2,940 Pets control $ 960 Total Expenses $ 54,788 NOI $ 85,744 - Price $ 2,200,000 To raise rents in Jersey CityEvery $100 spent on renovations, you get $1.35 in the first $5,000. After $5,000 you get $1.55 for every $100 spent per month. (Vacancy Capital Improvment) VCI application, costs $125 per unit.
- Listed by THOMAS MISURACA • KELLER WILLIAMS CITY LIFE REALTY
Property Details for 581-583 Palisade Avenue
Architectural Style
Multi-Level
Type Of ParkingNone
AreaJC, Heights
Heating & CoolingGas, Radiators
LISTING UPDATED: 10/26/2024 11:56 AM
Property Details for 581-583 Palisade Avenue
Status | Active |
---|---|
MLS # | 240021055 |
Days on Market | 26 |
Taxes | $22,613 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 3-4 FAMILY / 4 Family |
Year Built | - |
Lot Size | - |
County | Hudson County |
Property Information for 581-583 Palisade Avenue
Property History for 581-583 Palisade Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 581-583 Palisade Avenue
This home is within Jersey City Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Christa McAuliffe School PublicPK to 8 | ||
Dr. Ronald Mc Nair Academy High School Public9 to 12 | ||
James J. Ferris High School Public9 to 12 | ||
Liberty High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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