Under contract

430 Ocean Ave, Jersey City, NJ 07305

Beds
8
Baths
5

View property features, location on map, relevant school information and overview from seller's agent.

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Overview

We are thrilled to present a prime investment opportunity in a rapidly developing neighborhood defined by strong job growth, new parks, convenient transit options, and major upcoming projects. Perfectly positioned near the Liberty Science Center expansion, SciTech City, Canal Crossing, and CineLease Studios, this property sits at the center of Jersey City?s next wave of transformation. Building features four units, three of which have been fully renovated with open layouts, modern kitchens with stainless steel appliances, in-unit washer/dryer, central HVAC, and hardwood floors. One of the renovated units includes an ensuite bath and private backyard access. The first-floor unit, currently unrenovated, offers a unique opportunity to convert into retail or mixed-use space, with potential for additional lower-level expansion given its commercial zoning. Surrounding developments?SciTech, CineLease, two new high schools, and Canal Crossing?come to fruition, the area is expected to welcome over 10,000 new residents creating tremendous demand for housing and retail. The neighborhood is also benefitting from newly constructed parks and playgrounds and Light Rail access connecting directly to hospitals and major employers. Property offers strong income potential through market-rate rentals, a long-term 15-year tenant, and secured workforce housing under a five-year lease. Don?t miss your chance to invest in this high-growth area with exceptional upside. Schedule your tour today!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
8
Number of bathrooms
5
Year built
1932
Days on market
147

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Heat pump, Natural gas
Cooling
Central air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount(2024)
$8,489

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Garden State MLS MLS®#: 3966728 Last checked:

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