Off Market- Renovation Opportunity Downtown Jersey City
Jersey City Off Market Deals- 3xx 5th St
This renovation opportunity is a 1,700 SF town home with two car parking.
Sales data suggest it could sell between $1.3M - 1.4M (800-900 PSF) with a high end finish level. The property is being offered at $850,000 or $500 PSF, assuming you can keep your renovation costs around $100 PSF then it is likely can achieve the out sale pricing of $800-900 PSF, especially with two car parking comparable sales data.
This location is in walking distance of the Grove St Path Station and in a highly desirable neighborhood.The property sits on a very large lot, 15 x 95 and is zoned R-1 so it potentially could be approved for a 2-unit condo project as well. The buyer is responsible to verify all zoning use. Contact us ASAP if you are interested, this won't last long!
Contact us to make an offer or for additional information:
Point Acquisitions LLC
Phone- (866) 280-3036 ext 7
Visit our site to be added to our buyer's list:
DISCLAIMER: This information has been obtained from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Construction numbers are estimated and numbers will vary depending on the service provider. Clients must verify the information and bears all risks for any inaccuracies. For any offering we either own the property or have equitable ownership interest and will assign our contractual rights to our investors. Asking price above includes original contract price plus any assignment fee unless otherwise specified. Terms of original contract are assumed in our assignment contracts and are provided upon execution of our assignment agreement. Any buyer or assignee agrees and understands that Point Acquisitions LLC is not acting as a real estate broker or agent in this transaction and is not representing either party, but rather is acting as a principal in selling his interest in the above-referenced agreement to the Assignee. All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company and underwriter.