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Niraj Parikh

parikhrealty@gmail.com +1(848) 565-5006

$875,000

Est. payment - /mo

3 Beds

3 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260007726

Bedrooms 3

Full Baths 3

HOA Fees $1/mo

Annual Tax Amount $11,215

Property Sub-Type 3 Family

Property Description

Situated in the heart of the thriving Journal Square district, this property presents a premier investment opportunity within a 2,744-square-foot, three-family residence. This well-maintained property is uniquely positioned for a value-add strategy, offering three spacious units—each featuring one bedroom and one bathroom. A standout feature for any landlord is the full separation of utilities; gas, electricity, and water are all individually metered, significantly minimizing owner expenses. The building's current status is ideal for immediate cash flow or owner-occupancy, with two units currently occupied and one vacant unit ready for modernization. While the interiors have been meticulously cared for, they remain in their classic condition, providing a blank canvas for an investor to renovate and capture top-of-market rents. This property allows you to capitalize on the neighborhood's rapid appreciation while enjoying the stability of a turn-key layout with long-term upside potential. The location is a commuter's dream, located just blocks from the Journal Square Transportation Center with 24/7 PATH service to Manhattan and Jersey City's waterfront. Residents benefit from being a few blocks away from the cultural hub of Bergen Avenue, the historic Loew's Jersey Theatre, and the expansive 270-acre Lincoln Park. As the Journal Square skyline continues to transform with world-class developments, assets like 77 Giles Avenue offer a rare combination of residential neighborhood charm and metropolitan convenience, making it a cornerstone for any real estate portfolio.

Location

State NJ

County Hudson

Area Jc Journal Square

Rooms

Basement Full

Interior

Heating A/C Window, Baseboard, Gas

Cooling A/C Window, Baseboard, Gas

Exterior

Exterior Feature Aluminum/Vinyl

Parking Features None

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Listed by EXP REALTY LLC

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(848) 565-5006

parikhrealty@gmail.com

New Jersey, United States

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77 GILES AVE Jc Journal Square, NJ 07306