295 Fifth Street in Jersey City, NJ 07302
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jersey City.
Purchase price: $1,500,000
Cash invested: $650,000
Lovely two family brick townhouse, built in 1895, located ten minutes (walk) to Path trains to Manhattan.
What made you interested in investing in this type of deal?
I live in the downstairs unit and AirBNB the top floor.
How did you find this deal and how did you negotiate it?
I am a licensed NJ real estate agent, so I brokered the deal. I negotiated the asking price down from $1,595,000.
How did you finance this deal?
Cash and mortgage.
How did you add value to the deal?
Doing some light renovations on the property to make it turn key.
