Incredibly maintained and updated, fully leased Hoboken building for sale
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This six-unit building in Hoboken offers investors the incredible opportunity to acquire a high-performing asset in an in-demand New Jersey city.
Located at 512 Park Avenue, the fully occupied building is truly an investor’s dream and contains three three-bedroom units and three studios. Each unit has been recently renovated with finishes coveted by tenants. The units were designed by Kirk Mitchell of the prestigious firm AKT designs.
Exposed brick, hardwood floors, and recessed lighting provide charming, spacious, and bright living spaces. The kitchens are open and equipped with glossy white shaker-style cabinets, quartz counter tops and stainless steel appliances. Some units feature large kitchen peninsulas with seating to one side, perfect for the home chef and for entertaining.
Professionally managed by the 6th Borough Management of Hoboken, the four-story building is located on Park Avenue between 5th and 6th Streets. Less than a block away is Church Square Park, home to a playground, dog play area, and children’s sprinklers. It is also within walking distance of Hoboken’s bustling Washington Street, where you will find all the popular restaurants and shops.
This is an absolutely ideal location in Hoboken with plenty of transportation options available nearby. The PATH, trains, buses, and ferries are all nearby, making it easy to travel to New York and other parts of New Jersey.
Currently, the property is fully leased, and legal rents are actually higher than current rents. The latest units to hit the rental market had several offers. The combination of high rents and low expenses makes it a perfect addition to any savvy investor’s portfolio.
This unique investment opportunity is not to be missed! 512 Park Avenue in Hoboken is asking for $3,350,000.
For more information or to schedule a visit, please contact Mary Gomer of the Marie Gomer Group at Compass in 201-926-5040 Where [email protected].
Request : 512 Park Avenue, Hoboken
Agent/Brokerage: Marie Gomer/Marie Gomer Group at Compass