557 Ocean Ave, Jersey City, NJ 07305

Property Description

557 Ocean Ave. in Jersey City - Turn key mixed use investment property consisting of 5 residential units and a well established grocery / convenience store. Above the commercial units are two spacious pre war 4 bedroom / 1 bathroom corner units sporting high ceilings, exposed brick, hard wood floors and an abundance of natural light. On the Wilkinson Ave side are three completely renovated units with new high efficiency ductless heating and cooling systems, sleek kitchens, and rich dark hardwoods: A highly coveted private 2 car garage with curb cut, Apt 1, 1 bedroom + office / bonus room, Apt 2 has all the same high end finishes, 1 bedroom, bonus room and an expansive great room, and Apt 3 another 1 bedroom with an open concept floor plan. Strong cash flow from the 6 tenants, plus the freshly renovated worry free apartments make 557 Ocean Ave an ideal addition to any real estate portfolio. Close to public transportation, shopping, parks, schools, cafes, restuarants and a 30 minute in NYC. Fully occupied with a gross rent of $155k.