BEDS5
BATHS4 full 1 partial
MLS#4020581
STATUS
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 inBuy 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
Cooling: See Remarks, Wall A/C Unit(s)
Fuel Type: Gas-Natural, See Remarks
Garage: 1
Heating: 2 Units, Forced Hot Air, See Remarks
Lot Size: 0.04 Acres
Roof Type: Asphalt Shingle
Taxes: $6,304
Year Built: 1890
Feature Descriptions
Days on Site: 3
Driveway: On-Street Parking
Exterior: Stone, Vinyl Siding
Lot Dimensions: 18.06X96
Parking Notes: Detached Garage
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Local Schools
High School: SNYDER
Middle School: MARTIN
Elementary School: YOUNG
Listed By / Shown By
Listed By
Agency Name: RE/MAX PROFESSIONALS I
Agency Contact: 973-450-4000
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,916.70 per month $2,114.29 Principal & Interest $525.33 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
41 Arlington Ave. | MLS# 4020581
This multi-family property located at 41 Arlington Ave., Jersey, NJ 07305 is currently listed for sale with an asking price of $950,000. Search Jersey real estate on www.realtymark.net today.