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722 W Side Avenue, Jersey City, NJ 07306
New ListingOverview
Description
Supplements: ... (Read more) The residential portion consists of two spacious 3-bedroom, 1-bath apartments. One unit has been recently renovated and is currently vacant, offering immediate leasing potential with projected rent of $2,500+ per month. The second apartment is currently rented at $1,584 per month with an estimated market rent of approximately $2,700 per month, creating substantial value-add potential for investors. The property has seen numerous improvements, including upgraded electrical service, a renovated bathroom, and updated residential finishes. The building is connected to a central fire and safety monitoring system and features three separate utility meters. Heat is currently paid by the landlord. With strong in-place income, an established commercial tenant, and significant rental upside in the residential units, this property offers investors the opportunity to increase cash flow and maximize returns over time. Property Highlights Mixed-use building with 1 commercial unit and 2 residential units Established pizzeria tenant paying $3,600/month 3% annual commercial rent escalations Commercial tenant pays 70% of water expense Two spacious 3-bedroom, 1-bath apartments One renovated vacant unit ready for lease Significant rental upside in residential units Upgraded electrical service Renovated bathroom and updated residential finishes Central fire and safety monitoring system Three separate utility meters Strong value-add investment opportunity Actual income is $91,000 per year with value add to $103,000+ A rare chance to own a cash-flowing mixed-use asset with a stable commercial tenant, renovated residential units, and substantial upside potential for increased income and long-term appreciation.
Listing Details MLS# 22616449
Contract Info
- List Price/SqFt
- 204.52
- Property Sub-Type
- Multiple Buildings
- New Construction
- No
Location
- House Number
- 722
- Dir.
- W
- Street Name
- Side
- Street Suffix
- Avenue
- County
- Hudson
- Municipality
- Jersey City (JER)
- Postal City
- Jersey City
- State
- NJ
- Zip Code
- 07306
- Area/Section
- Heights
- Complex/Subdivision
- None
- Directions
- 722 W Side Ave, Jersey City, NJ 07306
General Property Info
- # Units in Bldg
- 3
- Full Baths
- Yes
- Total Baths
- Yes
- # Levels
- 3
- Apx SqFt
- 4400
- # Acres
- 0.05
- Lot Dimensions
- 20 x 100.46
- Garage
- No
- Pool
- No
- Waterfront
- No
- Waterview
- No
- Basement
- Yes
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 572000
- Deed Restricted
- No
- Taxes
- 13356
- Tax Year
- 2025
Unit 1
- # Full Baths
- Yes
- Other Level
- Yes
Unit 2
- # Bedrooms
- 3
- Bedroom Level
- 2
- # Full Baths
- Yes
More Information
Unit 3
- # Bedrooms
- 3
- Bedroom Level
- 3
- # Full Baths
- 2
Remarks & Misc
- Excluded
- Tenants and business belongings
Showing
- Showing Time
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
Basement
- Full
- Yes
Cooling
- Multi Units
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Baseboard
- Yes
Assessment Status
- Assessed
- Yes
Landlord Pays
- Heat
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Property Features
