389 Central Ave
Jersey City, NJ 07307

Great chance for The buyer who can be just a landlord for the investment property as 7% Cap rate, or choose to be the two business owner with building. Or the buyer can sell the two businesses later after he buys this property with business, which can be $200,000 for the beauty shop and $400,000 for the laundromat as the current market value. 2 Great retail business running. 1st floor is the Laundromat with $80,000 net income yearly,44 washers and 46 dryers, total of 100 machines. 2nd floor is the Nail/beauty salon with more than $200,000 investment and brings $90,000 net income yearly.10 cars Parking lot ready behind. New roof and structure,HVAC,etc improvements and spent more than $ 500,000 for the renovation. 2016 property tax is $14,246. Insurance was $6,700, which will be paid by tenant after the purchase. Please text or email broker for the showing arrangement, see attached NDF form, email or fax after sign. Need to show the proof of funds as the qualified buyer later on. Principals only. Prime location with heavy traffic. High density of the population. Close to major Highways and Manhattan is only 3 miles away.