Downtown Jersey City Masterpiece. Grandeur.
One of a Kind 22' wide, 5,258 Square Foot Townhouse
Rare FULLY RENOVATED Trophy legal four (4) family townhouse for sale in the coveted Downtown Jersey City, availing a homeowner or investor to have the opportunity to maximize Rental income, yet NOT fall into Rent Control laws, while enjoying the new tax laws that are very favorable to landlords. The property is only (4) blocks from the Grove Street Path Station, on a private tree lined street, and two (2) blocks from Van Vorst Park. Expertly renovated to perfection by combining original details with modern day luxuries. Including 3 original marble mantled fireplaces, hardwood floors embellished with original design, overly and painstakingly restored original leather wainscoting and detailed molding. Complete restoration of facades, staircase and iron railings.
Here are the options! The Parlor and Garden Level units are currently available and suitable for an owner to occupy either one or both units, all the while having the benefits of having two or three fully renovated rental units above paying impressive rents. Otherwise, it's $155,956 in annual rental income for all four units! A four (4) family is still considered a residential property therefore qualifies for residential mortgage financing at favorable rates and terms, unless owner prefers to hold in LLC.
