187 Pine St, Jersey City, NJ 07304

Property Description

This solid, detached six-unit brick building sits on an oversized 53 x 112 lot in a prime Bergen-Lafayette location. It's fully occupied, producing income from day one, and also offers the long-term investor the possibility of a future condo conversion. Five 3 bed, 1 bath apartments and one 2 bed, 1 bath apartment make up the unit mix. The building is clean and well maintained, and every unit is separately metered for gas and electric with its own heat and hot water. A private driveway provides off-street parking for multiple cars. Currently used only by the building manager, the spaces can be rented out as an immediate value add that increases income right away. Liberty State Park, its light rail station, and the many shops and restaurants that trendy Bergen-Lafayette has to offer are all a short walk away.