NJ > Jc Heights
Jc Heights, NJ 07307,123-125 BOORAEM AVE
Jc Heights, NJ 07307,123-125 BOORAEM AVE
Jc Heights, NJ 07307,123-125 BOORAEM AVE
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$2,500,000
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5 Baths
New

123-125 BOORAEM AVE Jc Heights, NJ 07307

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Chris Fleming

Chris Fleming

+1(908) 283-0602

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250019046

Full Baths 5

Annual Tax Amount $21,996

Lot Dimensions 50x100

Property Sub-Type Investment

Property Description

Investment Gold in Jersey City – 123-125 Booraem Ave If you're looking for a turn-key, cash-flowing investment in the Heights section of Jersey City, this property on the tree-lined Booraem Avenue is a rare find. Operating as a Class A weekly room rental facility, it features 21 rentable rooms, 3 apartment rentals, a large detached garage rental, an oversized basement, and a long driveway on a 50x100 lot. With an experienced on-site super and a strict tenant vetting process, this property practically runs itself—income starts day one. This boasts an attractive, strong potential 8.22% cap rate, offering impressive income potential with room for growth. With high monthly rents and near-zero vacancies, this is a true cash cow. Currently, 2 units are being renovated, providing additional upside, and it's perfect for an owner-operator who wants to live on-site and maximize control. The sale even includes transition time for new ownership to “learn the ropes,” making it easy to step in and start learning and earning. Ideally located near Pershing Field Park, just steps from Hoboken's iconic 100 Steps, one block from the Central Ave bus to Port Authority, and near the soon-to-open Jersey City Reservoir Project, the location alone makes this property highly desirable. Opportunities like this don't come along often. 123-125 Booraem Ave is ready to generate income from day one—schedule your showing today!

Location

State NJ

County Hudson

Area Jc Heights

Listed by LIBERTY REALTY LLC

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Chris Fleming

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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123-125 BOORAEM AVE

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