REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jorge Velasquez RE/MAX Professionals 1
$ 950,000
Est. payment | /mo
5 Beds
5 Baths
$ 950,000
Est. payment | /mo
5 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26012793
Style 2 Family
Bedrooms 5
Full Baths 4
Half Baths 1
Property Sub-Type 2 Family
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.
Location
State NJ
County Hudson
Interior
Laundry See Remarks
Exterior
Garage Spaces 1.0
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "