549-551 PAVONIA AVE

Property Description

(2) Two-Family Investment with Approved Development Plans | Prime Journal Square Location. Rare opportunity to acquire a fully occupied two-family properties sitting on two adjacent lots (totaling 6,683 SQF) in the heart of Journal Square -- just 500 feet from the PATH station. Currently configured as four residential units across two buildings with a combined 11 bedrooms, 4 full bathrooms, and 1 half bath, the property includes 4 private parking spaces and rear yards for both structures. All tenants are currently on month-to-month leases, generating a gross annual income of approximately $127,000 with significant upside potential. Taxes and Sq Footage, etc. per NJ Tax Records and should be independently verified.

Overview

Property Status

For Sale

MLS ID

250010137

Property Type

Multi-Family

Are you interested?

Schedule a Tour

Cindy Whalen

(201) 707-5979 [email protected]

Features & Amenities

Neighborhood

Jersey City

Architecture Styles

Victorian

Parking

3 Cars, Other-See Remarks

Heat Type

Baseboard, Hot Air, Gas

Air Conditioning

A/C Window, A/C Central

Sales Price

$2,900,000

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