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About This Home

This 6-bedroom, 4-bathroom residential multi family at 718 W Side Avenue in Jersey City, NJ is listed for $899,900 ($205 per sqft). the home offers 4,400 sqft of living space on a 0.05 acres lot.

Agent Description

Mixed-Use Investment Opportunity - Prime Jersey City Location Exceptional value-add mixed-use investment featuring three units consisting of one street-level retail space and two spacious residential apartments. The commercial storefront offers approximately 1,100 square feet, 1.5 bathrooms, excellent street visibility, storefront access, and rear yard access.

Previously operated as a juice bar and approved for a RETAIL LOCATION (buyer to perform their own due diligence regarding zoning and permitted uses). The residential component consists of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases, providing immediate cash flow with substantial upside potential.

Current rents are below market, offering investors a strong opportunity to increase income and maximize returns as a value add proposition. Property features separate gas, electric, and water meters, with landlord currently paying water and sewer expenses.

The retail tenant is responsible for 40% of the water and sewer charges. Additional highlights include a huge walkout basement, separate heating systems, natural gas heat, hot water baseboard heating, maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels.

The retail space also features a 9-foot drop ceiling and central air conditioning. Current monthly income is approximately $5,875/month ($71,000 per year) with a projected pro forma of approximately $7,500/month ($90,000), making this an ideal opportunity for investors seeking both stable income and future growth.

Conveniently located near shopping, transportation, restaurants, and major commuter routes. Property Highlights: Mixed-use building with 1 retail and 2 residential units Retail storefront approximately 1,100 SF Two 3-bedroom, 1-bath apartments Separate utilities and meters Natural gas heat Central air in retail space Huge walkout basement Maintaine

d roof and major mechanical updates New 3-phase electrical service Strong value-add rental upside Excellent owner-user or investment opportunity Utilities paid by tenants A rare chance to acquire a cash-flowing mixed-use asset with significant upside in a high-demand location. ALSO, CAN BE PURCHASED AS A PACKAGE DEAL FOR ALL 3 BUILDINGS INCLUDING 266 DUNCAN, 718 W SIDE, AND 722 W SIDE ALL IN JOURNAL SQUARE!

Key Features

  • 0.05 acre lot
  • 3 stories

Property Details

3 stories
3 full, 1 half

Amenities

A/C

Monthly Cost Estimate

$4,813/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$262

Estimates only. Actual payments may vary.

Location

718 W Side Avenue

Jersey City, NJ 07306

Property Details

Heating

Baseboard

Cooling

Multi Units

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 718 W Side Avenue is listed at $899,900 ($205/sqft). The estimated monthly payment is $3,900 based on 20% down at 6.5% interest.

Key features include: 0.05 acre lot, 3 stories.

This property is listed by George Pavlushkin and can be reached at 7329721000 or george@elitesellsit.com.

GP

George Pavlushkin

Agent at RE/MAX Central

(732) 972-1000

Listed by RE/MAX Central

MLS# 22616448· Source: listhub· Updated 1 days ago

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718 W Side Avenue, Jersey City, NJ 07306

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