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363 2ND ST

Jersey City, Downtown, NJ 07302
  • $1,940,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 220012829
Price Reduced
UPDATED: 226 min ago
$1,940,000
  • 7
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Unique four-story, mixed-use property located in the most desirable area of Jersey City. Dont miss your chance to own this 4 unit building with 3 residential units and an over-sized commercial space in the heart of the Village of Downtown, JC. This is an excellent investment opportunity for anyone looking to own as an investor, or be an owner occupant earning rental income each month, or even if you've been dreaming of opening your own cafe or local business -- this could be the perfect opportunity for you! The property is in zoned R-2/B, multi-family/mixed use, non-historical zone, so the possibility to redevelop is also there! (Images show commercial space, basement & 4th floor residential unit.) LOCATION Just minutes from Grove Street PATH train and right off Newark Ave where there are tons of restaurants, cafes, gyms, bars, shops, etc. There are great schools and hospitals in the area. Also Hamilton & Van Vorst Park are within walking distance. Great opportunity to become part of the Village neighborhood that is ever expanding with restaurants, luxury rentals and new condominiums. COMMERCIAL The 1558 sq ft commercial space on the ground floor offers new, pristine storefront windows that have yet to be used. The current owner has the commercial space split up into three sections - a small storefront with a full sized bathroom in the front, a huge white box space in the rear with grand high ceilings and huge skylights, and a small studio apartment in the middle with another full bath this is where the seller stays while maintaining the property. The space could also easily be opened up to get full use of the 1558 sq ft commercial space. There is outdoor and in door access to the large 900 sq ft basement with plenty of head room that can be used as extra storage space. BASEMENT The basement has great head room and plenty of storage space that can be used by the commercial renter if needed. The utilities for each unit are separate and can be found neatly lined up against the wall. Everything is systematically stored and organized, since the owner is immaculate. There's even a sauna down there he would use to relax after working on the property. The floors in the basement and the french drain were both done by the seller as well. The property is in high-elevation so no flooding occurred during Sandy or any of the infamous hurricanes. Lastly, a communal washer/dryer for the tenants is perfectly stored under the stairs in the hallway separate from the commercial storage / utility area. RESIDENTIAL UNITS The other three units are all residential, each offering 2 bedrooms / 1 bath with hardwood floors throughout and solid oak kitchen cabinets. Unit 2 and 3 are 850 sq ft while the top 4th fl unit offers 900 Sq ft. All bathrooms are directly vented to the outside. Mini split ACs have been installed in units 2 and 4.

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© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-12-07T00:25:42.493.
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363 2ND ST Jersey City, Downtown, NJ 07302

  • Price: $1,940,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 226 min ago
  • MLS #: 220012829
7
Beds
5
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Downtown
County:
Hudson
Area:
Jersey City, Downtown
Property Description
Unique four-story, mixed-use property located in the most desirable area of Jersey City. Dont miss your chance to own this 4 unit building with 3 residential units and an over-sized commercial space in the heart of the Village of Downtown, JC. This is an excellent investment opportunity for anyone looking to own as an investor, or be an owner occupant earning rental income each month, or even if you've been dreaming of opening your own cafe or local business -- this could be the perfect opportunity for you! The property is in zoned R-2/B, multi-family/mixed use, non-historical zone, so the possibility to redevelop is also there! (Images show commercial space, basement & 4th floor residential unit.) LOCATION Just minutes from Grove Street PATH train and right off Newark Ave where there are tons of restaurants, cafes, gyms, bars, shops, etc. There are great schools and hospitals in the area. Also Hamilton & Van Vorst Park are within walking distance. Great opportunity to become part of the Village neighborhood that is ever expanding with restaurants, luxury rentals and new condominiums. COMMERCIAL The 1558 sq ft commercial space on the ground floor offers new, pristine storefront windows that have yet to be used. The current owner has the commercial space split up into three sections - a small storefront with a full sized bathroom in the front, a huge white box space in the rear with grand high ceilings and huge skylights, and a small studio apartment in the middle with another full bath this is where the seller stays while maintaining the property. The space could also easily be opened up to get full use of the 1558 sq ft commercial space. There is outdoor and in door access to the large 900 sq ft basement with plenty of head room that can be used as extra storage space. BASEMENT The basement has great head room and plenty of storage space that can be used by the commercial renter if needed. The utilities for each unit are separate and can be found neatly lined up against the wall. Everything is systematically stored and organized, since the owner is immaculate. There's even a sauna down there he would use to relax after working on the property. The floors in the basement and the french drain were both done by the seller as well. The property is in high-elevation so no flooding occurred during Sandy or any of the infamous hurricanes. Lastly, a communal washer/dryer for the tenants is perfectly stored under the stairs in the hallway separate from the commercial storage / utility area. RESIDENTIAL UNITS The other three units are all residential, each offering 2 bedrooms / 1 bath with hardwood floors throughout and solid oak kitchen cabinets. Unit 2 and 3 are 850 sq ft while the top 4th fl unit offers 900 Sq ft. All bathrooms are directly vented to the outside. Mini split ACs have been installed in units 2 and 4.
Exterior Features

Exterior Finish Wood Lot Size 25 X 100 Parking None Style ColonialMulti-Level

Interior Features

Basement FullUnfinished Floor1 Rooms 1 Floor2 Rooms 5 Floor3 Rooms 5 Floor4 Rooms 5 Heating Cooling Hot AirA/C WindowA/C WallBaseboardElectricGasHot Water Level1 Baths 2 Level1 Bedrooms 1 Level2 Baths 1 Level2 Bedrooms 2 Level3 Baths 1 Level3 Bedrooms 2 Level4 Baths 1 Level4 Bedrooms 2 Total Other Rooms 3

Property Features

Floor1 Rent Vacant Floor2 Rent 2400- M2M Floor3 Rent 2800 Floor4 Rent 2800 Insurance Expense 4465 Internet Yes Lead Paint Form Yes Multifamily Type 4 Family Section Downtown Taxes 20293 Utility Expense 1927 Water Sewer Expense 1228

Listing provided courtesy of Trompeter Real Estate:201-431-7677.


© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-12-07T00:25:42.493.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030