Bayonne, Jersey City, Newark NJ Multi-Family?

[Brittany D.]

My boyfriend and I are seeking a multi family, 330k or below, and would prefer (but not limited to) NYC commuter-friendly towns. We currently reside in Rutherford and it's a dream- we get to NYC in 25 minutes! We just checked out Bayonne and saw a few properties. Really liked the area a lot and we asked a few people in the community on their thoughts of the area and everyone had great things to say- also saying that it's had such rapid growth. I know the commute will be an hour, but we would be open to it regardless.

Although we liked the area, I was concerned that the rent might not be great for the location? Any other suggestions on towns? 

We were also thinking of looking into Newark and Jersey City? We would be living in one unit and renting the other. Your investor expertise would be appreciated!