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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateMulti unit in Bayonne with rent control
Raj G.'s profile image
Raj G.'s profile image
Raj G.
  • Investor
  • from Jersey City, NJ
  • Member since Oct 23, 2015
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Raj G.'s profile image
Raj G.'s profile image
Raj G.
  • Investor
  • from Jersey City, NJ
  • Member since Oct 23, 2015
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Raj G.
  • Investor
  • Jersey City, NJ
45
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294
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Buying & Selling Real Estate

Multi unit in Bayonne with rent control

Raj G.
  • Investor
  • Jersey City, NJ
Posted Aug 7 2016, 19:56

Hi,

I found a property in Bayonne, it's 5 small units, asking price 610K. built in 1930, Tax 15k

Lot 2700, it's under rent control, expected total rent around 5k, need some minor modification.

it's attached on one side.also Property class recently changed from 4C to 2.

It will be my first time ever home shopping, so needed you all friends advice...What I need to look, what I may be missing.

I will be waiting and appreciate any reply on this.

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