Captivating real estate opportunity in the heart of the vibrant McGinley Square neighborhood in Journal Square! Take advantage of an ASSUMABLE FHA LOAN worth $460k at a favorable 4.125% interest rate. With the balance of the purchase price required in cash at closing, this presents a fantastic opportunity for savvy investors. Assuming the loan is an option and not a requirement. Spanning three levels, this 7 bed 3 full bath property boasts an expansive 2,900 square feet of living space, offering ample room for comfortable living and potential rental income. Unit 1 features three spacious bedrooms with abundant closet space, a formal living room perfect for gatherings, and a tastefully updated kitchen with granite countertops and stainless steel appliances, including a new dishwasher. Additionally, an extra room provides versatility as a home office, studio, or extra storage, with direct access to the backyard/patio for effortless entertaining. Unit 2 mirrors the spaciousness and comfort, offering three generously-sized bedrooms, a formal living room, a full bathroom, and a spacious kitchen with stainless steel appliances. The garden-level unit has been fully finished with a walk-out private entrance, featuring tiled floors, a full bathroom, and a summer kitchen, ideal for use as a mother-in-law suite. Convenience is key with shared laundry facilities equipped with coin-operated washer/dryer and a walk-in storage closet. High ceilings with recessed lighting and ceiling fans throughout add to the comfort and appeal of the property. Strategically located just 10 minutes from the Holland Tunnel and a short 15-minute walk to the Journal Square Path Train, enjoy a quick 30-minute door-to-door commute to NYC. With the Bergen Lafayette Light Rail, Liberty State Park, and Downtown Jersey City at your doorstep, convenience and accessibility are unparalleled. Property will be delivered vacant at closing, presenting an excellent opportunity for immediate occupancy with market rate rental income. Don't miss out on this incredible chance to invest in a prime location with endless potential! Request your tour today before it’s too late!
Sold for $860,000 on 08/01/24
$860,000
2 Baldwin Ave, Jersey City, NJ 07304
7beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$884,500 Zestimate®
$--/sqft
$2,316 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 29, 2024 at 07:36am
Listed by:
IAN CRAMSEY,
HOWARD HANNA RAND REALTY 201-420-4200
Bought with:
, 0677470
COLDWELL BANKER REALTY
Source: HCMLS,MLS#: 240004156
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Radiators
Cooling
- Window Unit(s)
Features
- Basement: Finished,Full,Walk-Out Access
Property
Parking
- Parking features: See Remarks
Details
- Parcel number: 0615302000000017
- Land lease expiration date: 1714348800000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,Multi Level
Materials
- Aluminum Siding, Brick
Community & neighborhood
Location
- Region: Jersey City
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$884,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$884,500