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Old 04-24-2007, 11:00 AM
 
Location: NJ
11,698 posts, read 21,488,667 times
Reputation: 4487

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Quote:
Originally Posted by npumcrisz View Post
Tahiti

*Let's say I forget about the property tax. What price range would I find a multifamily [2/3] home for?
*I looked at the Star Ledger to compare tax rates in Hudson County and Jersey City was around the middle-so wouldn't worry that much.
I just did a realtor.com search of multifamily houses in Bayonne - max price $600K. I got 179 hits. Here's a sampling:

http://realtor.com/Prop/1076932531 (broken link)

http://realtor.com/FindHome/HomeList...9&lnksrc=00002

http://realtor.com/Prop/1077568048 (broken link)

You shouldn't have a problem finding something!
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Old 04-24-2007, 11:04 AM
 
Location: NJ
11,698 posts, read 21,488,667 times
Reputation: 4487
Quote:
Originally Posted by npumcrisz View Post
Tahiti

Thanks for your detail input.

I'm looking at multifamily homes in order to get some rental income. Is bayonne or Jersey city preferable?

I'm a single Healthcare professional, I don't like to be disturb with constant noise or frequently looking for "tenants". So my next question(s),
*Little or nor noise pollution?
*High or somewhat high demand of renters?
Noise pollution - really depends - if you stick to a side street you'll be ok. On main roads (e.g. Any of the "Avenue's" A, B, C or Kennedy Blvd) you'll have noise. Stick to named or numbered streets.

Renters - I believe there's a high demand, most houses are multi family with tenants.

Bottom line - I think for noise you'll do better in Bayonne than JC, and for renters, probably equal.
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Old 04-24-2007, 01:51 PM
 
779 posts, read 1,816,090 times
Reputation: 325
tahiti

*Thanks again for all the help you are providing.
*I would definately take a look at the above links.
*Would also definately not neglect Bayonne in my home search.
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