15 Carlton Ave

Description

Prime investment opportunity in the Heights. This spacious 3,000+ sq. ft. three-family residence is a rare find in the highly coveted Jersey City Heights. This property is a powerhouse for investors, offering a healthy projected annual cash flow whether you owner occupy or rent it out completely in a market that remains one of the most resilient in the Hudson County area. While the building is livable, it serves as an ideal value-add project; a cosmetic update would allow a new owner to capture top-tier market rents. Two of the best value adds are a new roof installed in 2024 and an off-street parking for one car provides a massive competitive advantage in this densely populated neighborhood. The interior layout is thoughtfully distributed across three distinct units, providing versatility for various tenant profiles. The first-floor unit features a comfortable 1-bedroom, 1-bathroom layout, while the second unit offers a sprawling 3-bedroom, 2-bathroom configuration. The third unit rounds out the building with another 3-bedroom, 1-bathroom floor plan, ensuring maximum occupancy potential. Beyond the walls of the home, the location is a commuter’s dream. Residents at this end of the street are less than a block away from the 119 and 123 NJ Transit bus lines for a direct ride to Port Authority, and within easy reach of the Hudson-Bergen Light Rail for access to Hoboken and the PATH. Life at 15 Carlton means being centrally located near the vibrant shops and cafes of Central Avenue, the recreational facilities at Pershing Field Park, and the stunning Manhattan skyline views from Riverview-Fisk Park. This is a premier opportunity to secure a high-square-footage asset in one of Jersey City’s most sought-after residential pockets.