Jc Journal Square, NJ 07306,91 ROMAINE AVE
Jc Journal Square, NJ 07306,91 ROMAINE AVE
Jc Journal Square, NJ 07306,91 ROMAINE AVE
21
See all 21 photos
$1,600,000
Est. payment /mo
Save
15 Beds
7 Baths
Active

91 ROMAINE AVE Jc Journal Square, NJ 07306

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
15
Jan
Fri
16
Jan
Sat
17
Jan
Hardik Shah

Hardik Shah

+1(201) 936-2225

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250024961

Bedrooms 15

Full Baths 7

HOA Fees $4/mo

Annual Tax Amount $17,705

Tax Year 2024

Lot Dimensions 33.37X100

Property Sub-Type 4 Family

Property Description

Tenant occupied. Showing Unit 2, 6 on Thursday, Jan 1 between 12 - 2pm; Saturday Jan 3, from 11am - 12pm. Multifamily Investors or Developers Delight! Welcome to 91 Romaine Ave, a premium 3 story, 7-unit residential building in the heart of Journal Square, on an oversized 3,337 SQFT Oversized lot in R3 Zone. Unit mix includes spacious 2 or 3 bedroom, 1 bathroom units. Property is fully occupied with below market rents, with current gross rental income of $109,056, offering an upside with a potential gross income of ~ $180,000, at market rents. Property is in excellent condition, four of the seven units have been recently renovated. Each unit comes with sub-metered utilities including individual heat and hot water boilers as well as PSEG meters. Landlord pays for cold water, sewer, common electric, trash removal and pest control. Great long-term Investment with high appreciation in an excellent location. Current R3 Zoning allows for a 4 story building. The land alone is valued at 1.3M+. Collect rents while the land and property continues to appreciates at 8% - 10% yearly rate, in the fastest redeveloping neighborhood of Jersey City, Prime Journal Square sub-market. 10 minute walk to Journal Square Path Train, with direct trains to NYC Downtown and Midtown.

Location

State NJ

County Hudson

Area Jc Journal Square

Rooms

Basement Partial Finish

Interior

Heating A/C Wall, Hot Water

Cooling A/C Wall, Hot Water

Exterior

Exterior Feature Brick

Parking Features None

Listed by EXP REALTY LLC

GET MORE INFORMATION

Hardik Shah

Hardik Shah

Agent | License ID: 1538159

+1(201) 936-2225

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Hardik Shah, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

91 ROMAINE AVE

QUICK SEARCH