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  • $1,288,500

    243 Montgomery St, Jersey City, NJ 07302

    8beds
    --sqft
    Multi Family
    Built in 1842
    -- sqft lot
    $1,288,500 Zestimate®
    $--/sqft
    $3,386 Estimated rent

    What's special

    Please see attached documents for floor plans, P&L, and condo-conversion construction options. Exceptional Investment Opportunity in Historic Downtown Jersey City. This 4-Family Brick Row House with Condo Conversion Potential is a great addition to your portfolio. Perfectly positioned on a 25x100 lot in the heart of historic Downtown Jersey City. This property combines architectural charm with robust income potential and offers a unique opportunity for a lucrative condo conversion by adding an extension to the existing structure or doing a simple condo conversion after a few simple updates. The timeless appeal is elegantly dispersed through the historic elements of the home, in the crown moldings, huge arching windows, marble fireplaces, brick walls, and original hardwood flooring. Each floor is laid out optimally: Spacious, modern units designed for comfort and convenience. The huge yard creates an exclusive private backyard oasis for relaxation and entertainment. Additionally this home offers expansion potential on all floors. Ample lot size allows for an extension, ideal for a condo conversion project to maximize value. Or for someone looking to live in the property and build it out in the future. Nestled in a picturesque historic district, less than a block to Van Vorst Park, in excellent proximity to PATH trains, enhancing tenant appeal and ensuring steady rental demand. This is a great opportunity to secure a significant asset in a high-demand area known for its growth and accessibility.

    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2024 at 06:51am

    Source: StreetEasy,MLS#: S1712314

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total structure area: 0

    Property

    Details
    • Parcel number: 0614101000000004

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1842

    Community & neighborhood

    Location
    • Region: Jersey City
    • Subdivision: Historic Downtown
    Services availability
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    An equal housing lender. NMLS #10287.