🔥🏘️ Jersey City:: 2 Family w/ Bonus & Off-Street Parking

Hudson County, Jersey City, NJ, 07305
Sold
Listed at: December 28th, 2022
Price
$499,000
ARV
$795,000
Gross Margin
$296,000
Sq. Footage
1832
Type
Multifamily
Parking
Off street
Year build
1950
Lot size
0.07 acres
Bedrooms
8
Bathrooms
3
Half Bathrooms
0
Summary

Two-family in Bergen/Lafayette neighborhood of Jersey City. In move-in condition, with a bonus unit in the basement.


There are many renovated and newly constructed properties on this street!


Each unit has 3 full bedrooms (not railroad) and one bathroom. These are in move-in condition. The basement, bonus unit, has 2 true bedrooms and one bathroom. The basement unit is more of a galley: the hallway is narrow. The rooms are off to the side, and are spacious. All units have a dedicated front entrance and rear stairwell, exiting into the backyard. Rent of the two units is north of $2,000 in its current condition.


Separate utilities.


There are other three-family homes on the street, so it may be possible to re-zone this house. No timing or pricing concessions will be given to re-zone the property prior to close. It is strictly an as-is purchase.


There is also one, off-street parking spot for a compact car in the front of the house.


You'll notice a door on the street level. That is the front entrance to the basement. There is some water damage coming from improper drainage of the grass/dirt above it. This is simple to resolve. However, if there were any development/permit work completed by a Buyer, I recommend pairing back the entrance to the main foundation and replacing the front steps. This will open up additional parking spots.


Photos are on the older side. The property is currently empty/vacant. Please review the videos. There is one video for each unit. Turn up the volume to hear the commentary.


Do not attempt to contact seller directly. Do not attempt to see the property without discussing with disposition team.
Videos

Basement

Unit 1

Unit 2

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

John Maretti

No reviews

Disposition manager