54 Cottage St, Jersey City

$1,300,000

5 Beds
3 Baths
0 Sqft
0 Acres
0 Garages

Location, Location and Location!!! This is an income generating multi-family three story Brownstone home (no shared walls) for sale in a great location (two blocks from Journal Square Path). 12-minute train ride to NYC and is in Journal Square Redevelopment Zone. Home is on Cottage street and is two blocks from Journal Square Path station. It's a two family home with an additional apartment share unit. This property is an income generator. It has two off-street parking (driveway) and a backyard. The home can easily be converted into a luxurious Brownstone. Given the location of only two blocks from train station, you will never have trouble getting tenants. Property is in Journal Square Redevelopment Zone. Similar Brownstone in downtown sell for $2million to $3million. It's got two things a real estate investor needs: Prime location and Rental income. Got two parkings and backyard as well! 25X110 Lot. The place also has three grand fire places. Total Rental Income: $56,400/year 1st unit rent: $1500/month (1 bedroom, 1 bath, 1 kitchen 500 square feet, 1 parking). Downstairs unit rent: $2000/month (two bedroom, 1 bath, 1 kitchen, 1 laundry, 1 parking) Apartment Share can easily collect $1200/month (one bedroom, one study, one bathroom, separate entry) Total rent: $4700/month or $56,400/year *Property is being sold AS-IS * $56k yearly rental income * Two car parking driveway * A large backyard * 12-minute train ride to NYC * Two blocks from PATH train and bus station Please call/text Justin Bain at 718.807.8551 for additional info.

Essential Information
MLS® #202005940
Price$1,300,000
Bedrooms5
Bathrooms3.00
Full Baths3
Acres0.00
TypeMulti-Family
Sub-Type3 Family
StyleBrownstone
StatusACTIVE
Community Information
Address54 Cottage St
AreaJC Journal Square
CityJersey City
CountyHudson
StateNJ
Zip Code07306
Amenities
Parking2 Cars
Interior
HeatingA/C Window, Gas
BasementNone
Exterior
ExteriorBrick
Lot Description25*111.5
Additional Information
Date ListedApril 1st, 2020
Days on Market61
Property History
Price Reduced from $1,500,000 to $1,300,000
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Listing information last updated on June 1st, 2020 at 5:48pm CDT.

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