65 Hopkins Ave | Jersey City, NJ 07306
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65 Hopkins Ave
Jersey City, NJ 07306
Residential Property For Sale · 6 Units
Investment Highlights
- Value-Add Multifamily Building
- 15-Minute walk to the Journal Square PATH Station, offering a 35-minute commute to Manhattan
- One apartment unit currently vacant
- The Heights Neighborhood of Jersey City
- Plenty of room to grow rents
Executive Summary
The property located at 65 Hopkins Avenue in Jersey City, NJ consists of a ~3,486 square-foot lot improved with a
three-story, ~5,000 square-foot multifamily building. The subject property consists of 6 apartments with a legal unit
mix of one 1-bedroom and five 2-bedroom units. These apartments are large units and could easily be converted from a 1-bedroom to a 2-bedroom, and from a 2-bedroom to a 3-bedroom. Currently, there is one vacant apartment that has been gutted and is
ready for renovation.
The subject property features a washer / dryer unit in the basement of the building. The building is also partly sub-metered, so a portion of the tenants pay for their own utilities directly.
Additionally, the Journal Square PATH train station is located 0.6 miles from the subject property, offering a ~30
minute commute to New York City.
three-story, ~5,000 square-foot multifamily building. The subject property consists of 6 apartments with a legal unit
mix of one 1-bedroom and five 2-bedroom units. These apartments are large units and could easily be converted from a 1-bedroom to a 2-bedroom, and from a 2-bedroom to a 3-bedroom. Currently, there is one vacant apartment that has been gutted and is
ready for renovation.
The subject property features a washer / dryer unit in the basement of the building. The building is also partly sub-metered, so a portion of the tenants pay for their own utilities directly.
Additionally, the Journal Square PATH train station is located 0.6 miles from the subject property, offering a ~30
minute commute to New York City.
PROPERTY FACTS
| Price Per Unit | £173,186 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 6 | Building Size | 5,001 SF |
| Property Type | Residential | Average Occupancy | 83% |
| Property Subtype | Apartment | Number of Floors | 3 |
| Apartment Style | Low Rise | Year Built | 1920 |
| Price Per Unit | £173,186 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,001 SF |
| Average Occupancy | 83% |
| Number of Floors | 3 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 06-06801-0000-00004 | Improvements Assessment | £683,038 |
| Land Assessment | £216,405 | Total Assessment | £899,443 |
PROPERTY TAXES
Parcel Number
06-06801-0000-00004
Land Assessment
£216,405
Improvements Assessment
£683,038
Total Assessment
£899,443
zoning
| Zoning Code | R-1 |
| R-1 |
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