Rental Property Investor · Jersey City, NJ · Member since 2018 · 176 posts · 80 votes
5y
Greenville is pretty rough. The quality of tenants is lower and needs high maintenance, so these are my main cons. Of course there are some neighborhoods within Greenville that are better than others but you have to do your homework. the pro is that you can find deals that still make financial sense, especially since COVID started it hit some landlords hard, so there are some motivated owners out there
Rental Property Investor · Jersey City, NJ · Member since 2018 · 176 posts · 80 votes
5y
Greenville is pretty rough. The quality of tenants is lower and needs high maintenance, so these are my main cons. Of course there are some neighborhoods within Greenville that are better than others but you have to do your homework. the pro is that you can find deals that still make financial sense, especially since COVID started it hit some landlords hard, so there are some motivated owners out there
Rental Property Investor · New York, NY · Member since 2020 · 51 posts · 28 votes
5y
Yeah thanks a lot that makes total sense. Im learning the neighborhood a bit more now. I put an offer out in Greenville after looking at a few properties in different areas.
Matches my long term appreciation goal that I think will happen and decent cash flow.
Yeah thanks a lot that makes total sense. Im learning the neighborhood a bit more now. I put an offer out in Greenville after looking at a few properties in different areas.
Matches my long term appreciation goal that I think will happen and decent cash flow.
You’re welcome! Good luck with your endeavors. Feel free to ask questions pertaining to JC neighborhoods as you go
Real Estate Agent · Jersey City, NJ · Member since 2014 · 55 posts · 21 votes
5y
I've owned and lived in Greenville for 5 years now. We have a place on Randolph and Arlington Avenues. What you'll get in our area is appreciation. We got in before it was a neighborhood that people felt comfortable living in. Some people might've labeled it a "rough" but my family has always felt comfortable in the neighborhood. You'll get bot appreciation and cash flow if you can get into a deal low enough. The challenge right now is the values of these properties have doubled in 5 years.
I've owned and lived in Greenville for 5 years now. We have a place on Randolph and Arlington Avenues. What you'll get in our area is appreciation. We got in before it was a neighborhood that people felt comfortable living in. Some people might've labeled it a "warzone" but my family has always felt comfortable in the neighborhood. You'll get bot appreciation and cash flow if you can get into a deal low enough. The challenge right now is the values of these properties have doubled in 5 years.
Yeah the Value of the properties have definitely increased. Seems a lot of sellers are taking advantage of the hot market right now. Surprisingly enough because of low taxes and interest rates the numbers in certain ways seem to work out.
Im comfortable all around cause of where I grew up in NYC not the best areas, so good to know someone like you who invested in it years back and comfortable in the area. I don't know too much about the area but every time I go I walk around different areas near the homes I'm looking at.
Rental Property Investor · Union city, NJ · Member since 2016 · 203 posts · 43 votes
2y
great neighborhood obv 3yrs went by since the OP, but now the avg price is 585k in the neighb, i got a 2fam around Ocean ave and Bidwell around high 300s in 2018, planning to sell next month for mid 600s.
As i see driving down from north, you have insane highrise growth at Journal sq, all the downtown JC area is filled up w luxury condos and the bergen lafayette area around 74 also filling up w lux condos. Theres a few bigger developments now done as you drive down on Ocean ave, so money has come down. Idk if OP bought anything 3yrs ago (when mortgagees were in low 3s) but since then a lot has changed. I guess the area is still "up and coming" but you get 2fams now in the 1M pricerange so idk who would call that up and coming at this point pricewise.