BEDS5
BATHS4 full 1 partial
MLS#26012793
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investors and owner-occupants take note a turnkey 2-family with a built-in value-add opportunity in Jersey City.41 Arlington Avenue is a legal 2-family home on an R-1 zoned lot in Jersey City. Two income-producing units in place from day one and the opportunity doesn't stop there. Under Jersey City's current zoning, an Accessory Dwelling Unit (ADU) is permitted in a detached accessory structure in addition to the units in the principal building. The existing garage on this property is a prime candidate for conversion into a fully legal third unit no variance required, no board approval needed. Three doors on one lot. Legal 2-family R-1 zoning 1,734 sq ft lot ADU permitted in detached accessory structure garage conversion opportunity 3rd income-producing unit without a variance No off-street parking required Immediate cash flow with upside built in Buy it as a 2-family. Build the ADU. Own 3 income streams. DISCLAIMER - PROSPECTIVE BUYERS PLEASE DO YOUR OWN DUE DILIGENCE.
Property Features
Property Type: Multi Unit - Multiple
Taxes: $6,304
Feature Descriptions
Days on Site: 3
Laundry: See Remarks
Number of Rooms: 7
Utilities: SEPERATE Elec, SEPERATE Gas, SEPERATE Heat
Listed By / Shown By
Listing By
Agency Name: RE/MAX Professionals 1
Agency Phone: 973-450-4000
Shown By
Agent Name: Catherine O'Brien, Lic. RE Salesperson
Agent Phone: Cell: (914) 329-9834
Agency Title: Joyce Realty
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Estimated Payment
$ 2,916.70 per month $2,114.29 Principal & Interest $525.33 Property Tax $277.08 Homeowner's Insurance
41 Arlington Avenue | MLS# 26012793
This multi-family property located at 41 Arlington Avenue, Jersey City, NJ 07305 is currently listed for sale with an asking price of $950,000. Search Jersey City real estate on cobrien.joycerealty.com today.