632 Adams St

Unicorn in Hoboken! -1 of a kind Investment property in the heart of hoboken offers a smart buyer so many investment opportunities. The main block bldg has 4 2br/2bath apts of about 1000 sq ft. hardwood floors and renovated kitchens and 2 full baths. Single family home is wood and siding and part of this parcel and is a 2BR w/1.5 baths. Note:(1 fam & 4 fam cannot be sold separately w/o condo conversion). This property is centrally located across from the popular Citadel bldg and is walking distance to the Light Rail PATH, bus to NYC ,Church, Parks and food stores. Rents are registered. But many allowed rent decontrol adjustments, Tax, water/sewer surcharges have not been implemented yet offering an amazing upside potential. There are many opportunities available for a strong investor ti increase cash flow by implementing the rent raises as leases renew or tenants vacate. Condo conversion is a strong possibility with the 1 family being delivered vacant for immediate reno and sale. NOTES: Garages are not rent controlled. Mortgage or bank statement/accountant letter prequalification letter required to be submitted or conversation w/LA, prior to making an appt to view this property.