1049 Side Ave Jersey City, NJ 07306

This exceptional mixed-use property in Jersey City, NJ, presents a compelling investment opportunity. Located at 1049 West Side Avenue, this well-maintained building boasts a prime corner location just blocks from Journal Square and significant new developments, ensuring strong future growth potential. The property features five residential units, all currently occupied, generating a 100% occupancy rate and a substantial net operating income (NOI) of $79,282, resulting in a 5% capitalization rate. Adding to the income stream is a ground-floor commercial tenant with a lease extending until 2026, providing long-term stability and predictable revenue. Two additional income-generating sources are the two garage parking spaces available for rent. The building's excellent condition and stable tenant mix contribute to its strong cash flow and make it an ideal investment for long-term growth and passive income. This is a rare opportunity to acquire a well-positioned, high-performing asset in a rapidly developing area of Jersey City. The asking price is $1,585,000.