Overview

Located in the desirable Journal Square section of Jersey City, this fully-occupied 5-unit investment property offers a mix of unit sizes, including a spacious 3-bedroom apartment, two 1-bedroom units, a 2-bedroom, and a studio. Utilities are separate for each unit, making it an ideal low-maintenance investment. The clean, unfinished basement provides value-add opportunities, such as adding coin-operated laundry or storage lockers for additional income. With potential for rent increases through standard improvements, this is a solid property for investors, perfect for a 1031 exchange.