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$ 799,000
Est. payment /mo
Open 10/3 12PM-2PM
132 TERRACE AVE Jc Heights, NJ 07307
7 Beds
4 Baths
Open House
Sat Oct 03, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260019934
Style Colonial
Bedrooms 7
Full Baths 3
Half Baths 2
HOA Fees $3/mo
Annual Tax Amount $11,777
Tax Year 2025
Property Sub-Type 2 Family
Property Description
Turnkey triplex with value add opportunities. Live in one unit and rent the other to subsidize the expenses, or lease everything as a pure investment cash cow. The building has two updated 3-bed, 2-bath units over a finished 1-bed, 1-bath in law suite, so it appeals to a wide range of tenants. Outside, you'll find a sunny private yard with a gazebo and a terrace made perfect for morning coffee. This property has a strong rental history as of this past summer. With each floor occupied, the total rent collected was 6,600 per month. With lower taxes and less owner expenses, that cap rate was approximately 8%. With light cosmetic upgrades even that could be improved upon.
Location
State NJ
County Hudson
Area Jc Heights
Rooms
Basement None
Interior
Heating A/C Window, Baseboard, Electric, Gas
Cooling A/C Window, Baseboard, Electric, Gas
Exterior
Exterior Feature Brick
Parking Features Other-See Remarks
Listed by COLDWELL BANKER REALTY
NEARBY SCHOOLS & PROPERTIES
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