123-125 BOORAEM AVE Jc Heights, NJ 07307

A rare opportunity to get your hands on this unique property in the Heights on tree lined Booraem Ave. Currently operating as a weekly room rental facility-designated Class A, this building has 25 rooms to rent, a large detached garage, huge basement and a long driveway on this 50 by 100 lot. With a super on site and a rigorous application and interview process to keep everything in order, there is nothing to do but to allow this building to generate consistent market income. Seller will accommodate up to 3 months of transition time for new ownership to "learn the ropes." This building is in close proximity to Pershing Field Park, the 100 steps into Hoboken, 1 block from the bus stop on Central Ave to Port Authority, and near the Jersey City Reservoir Reconstruction project which will be opening soon to the public. Being a generational property, this is truly a one of a kind investment. Not to mention boasting an attractive 7.22% cap. rate with plenty of upside for more! With monthly rentals so high, vacancies are near non-existent with this cash cow. 123-125 Booraem Av is a standout opportunity to consider. Inquire within.