13 Coles StJersey City, NJ 07302

Property Details for 13 Coles St

Year built

1905

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This three-unit apartment building, located at 13 Coles St in Jersey City's desirable Downtown neighborhood, presents a compelling investment opportunity. Built in 1905, this three-story building sits on a 22.08 x 72.63 lot and offers three one-bedroom, one-bathroom units. Currently, the occupancy rate is 33%, with Units 1 and 3 vacant and Unit 2 generating rental income. The property is offered at an asking price of $1,495,000 and can be delivered fully vacant upon request. Its prime location provides easy access to a variety of dining establishments, the Grove Street PATH station, offering convenient commutes to Manhattan, and the serene Van Vorst Park. This property is ideal for owner-users seeking a multi-family residence or investors looking to capitalize on the thriving Jersey City real estate market. The building's classic architecture and convenient location combine to create a strong potential for rental income and appreciation. Each unit includes a living room, dining room, and kitchen, providing comfortable living spaces for tenants. This is a rare opportunity to acquire a well-situated multi-family property in a highly sought-after area of Jersey City. The property's private ownership and potential for increased occupancy make it an attractive investment.

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7217

Longitude

-74.0479

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