8 Unit Commercial Building 100% Occupied with a 8.2% CAP Rate in (Jersey City, NJ)

[John Jaramillo]

100% OCCUPIED

148 Old Bergen Rd Jersey City NJ

Rent Roll

3 - 1 bedroom apartments get $700 each = $2,100 per month 
3 - 1 bedroom apartments get $650 each = $1,950 per month 
1 - 3 bedroom apartment gets $1040= $1,050 per month 
1 - grocery store gets $1300 = $1300 per month 
Total per Month is $6,400 
Total per Year is $76,800

Expenses

Taxes $7500 per year. 
Heat $5500 per year. 
Water/Sewer $5000 per year. 
Insurance $5500 per year 
Total expenses = $23,500 per year 
GOP $76,800 
After Costs NOI $53,300 
Asking Price $650,000 8.2% ROI First Year 
Complete OFF MARKET find.

Call me at 908-759-3161 

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