430 Ocean Ave Jersey City, NJ 07305

We are thrilled to present an outstanding investment opportunity located in a rapidly developing neighborhood brimming with strong job growth, newly created parks, convenient transit options, and dynamic development. This prime property is strategically situated near the ongoing expansion of the Liberty Science Center, the flourishing SciTech City, the lively Canal Crossing, and the esteemed CineLease, a cutting-edge studio designed to inspire filmmakers' creativity. This property comprises 4 units, with 3 of them fully renovated to offer an open floor plan, complete with fully equipped kitchens featuring stainless steel appliances, in-unit washer and dryer facilities. Among the renovated units, one features an ensuite bathroom and rear backyard access. Each updated unit is equipped with central heating, ventilation, and air conditioning (HVAC) systems, as well as gleaming hardwood floors throughout. Additionally, there is one unit located on the first floor that has not undergone renovation, providing the unique opportunity to be converted into a Retail Space. This unit also offers the potential for additional lower-level space, given that the property is situated in a commercial zone area. Once all the exciting developments are implemented-encompassing SciTech, two high schools, elements of CineLease innovation, and Canal Crossing-we can anticipate an influx of approximately 10,000 new individuals in the neighborhood. These newcomers will not merely consist of typical daily commuters; rather, we will welcome residents, students, film industry professionals, educators, and a diverse array of community members. The Light-Rail offers a convenient transit option, providing quick access to various job opportunities and the nearest hospital. Furthermore, the neighborhood is experiencing revitalization, with newly constructed parks and playgrounds, enhancing its appeal as a vibrant living environment for prospective tenants. This exceptional property represents a remarkable investment opportunity, particularly due to its market-rate rentals, and ensures a consistent revenue stream. Furthermore, it attracts tenants eager to enjoy the vibrant atmosphere of emerging neighborhoods, willing to pay premium rents for high-quality accommodations. Additionally, the property benefits from a long-term tenant who has resided there for 15 years, along with secured Workforce housing under a favorable five-year lease. Do not miss this outstanding chance to invest in a prime location within a thriving community-its steady income and growth potential are evident. Don't miss out on this investment opportunity, contact today and schedule your tour!