409 Ocean Ave

"THE OCEAN" is a "CLASS A" mixed use 17 unit brick building, located in the vibrant section of Greenville Jersey City!!! This 3 story walkup has gone through a complete renovation and conversion from warehouse to residential. The property offers a strong mix of 12-two bedroom, with 4-one bedroom units. Plus an approx 1400 sqf retail space being leased to a local daycare. All units feature hardwood floors, granite countertops, central AC, washed dryer hookups in the units with many more upgrades. All utilities such as heat, gas, hot water and electric are separate and paid by the tenants. Currently generating strong rental income of an approx. 7.5% cap rate with room for upside. The property has never been registered yet since the rehabilitation. Conveniently located a few blocks to the LIGHT RAIL, buses, highways, shopping, Bayside and Liberty Parks and so on!! Inquire for more info today!!!