2-4 Family Home For Sale in Jersey City, NJ
MLS# : 250016040
PROPERTY DETAILS
PROPERTY DESCRIPTION
CASH/RENOVATION/CONSTRUCTION LOANS ONLY. Rare 2-family with CASH-COW potential and long-term upside in one of Jersey City’s most rapidly evolving neighborhoods! Each unit features its own PRIVATE entrance & delivered VACANT. Unit 1 gutted to studs for CUSTOM finishes. Unit 2 UPDATED & MOVE-IN ready for instant income. BRAND NEW furnace, roof inspected/updated. Live in one or rent both for STRONG cash flow in a high-demand market. Large BONUS basement w/ finish potential. Strong upside for CASH BUYERS, INVESTORS, & OWNER OCCUPANTS. Minutes from key TRANSPORTATION routes, shopping corridors, and local amenities, this property is primed for value enhancement through renovation or repositioning. New security cameras installed & included. Priced to SELL fast. OPPORTUNITY meets location.
Amenities
This listing is a courtesy of GROUP TWENTY SIX LLC
201-969-2626 office, listing agent OLIVIA COSTANZO
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $743,504 |
| Homes Sold* (12mo): | 224 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $673,873 |
| Apatments Sold* (12mo): | 1,089 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $349,900 - 3,495,000 | 50 |
| Condos : | $135,000 - 4,148,000 | 516 |
| Co-ops : | $375,000 - 739,000 | 4 |
| Twnhs : | $369,000 - 2,099,000 | 20 |
| 2-4 Fam : | $430,000 - 3,495,000 | 122 |
| 5+ Fam : | $1,650,000 - 1,650,000 | 1 |
| Land : | $299,000 - 3,995,000 | 21 |
| Rentals : | $1,750 - 16,500 | 37 |
| Mixd Use : | $1,600,000 - 1,650,000 | 3 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $40,000 - 450,000 | 5 |
