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62 Hancock Ave 2 Unit Apartment Building $1,699,999 ($850,000/Unit) Jersey City, NJ 07307
EXECUTIVE SUMMARY
Rare Two Family with Development Oppurtunity Home with Massive Eight Car Commercial Garage & Development Potential Learn more about this one-of-a-kind property in the heart of Jersey City Heights! This unique opportunity features a well-maintained two family home situated above a huge commercial garage with space for 8 vehicles—perfect for investors, developers, or owner-users seeking rental income and versatile usage. Property Highlights: Two-family residential layout - Ideal for rental income, multigenerational living, mixed-use, multi-family residential, boutique condo development and more (subject to city approvals). Massive ground-level commercial garage: 6-8 car capacity- ideal for storage, auto-related business,
Whether you're an investor looking for strong cash flow, a developer seeking a blank canvas for your next project, or a business owner in need of commercial space with residential units above - this property offers it all. Don't miss this rare mixed-use gem with incredible potential in one of Jersey City's most desirable neighborhoods, with both functionality and future potential - this is the ALL TIME exceptional investment opportunity! ------------------------------ Seller owns business on first floor garage - indefinite whether seller would like to remain as tenant, seller to consider all offers through contractual negotiations. Property is tenant occupied. Month to month lease. Front = $1,350.00 Rear = $2,000 Garage = $3,500.00 Owner is a licensed NJ Real Estate Agent
Whether you're an investor looking for strong cash flow, a developer seeking a blank canvas for your next project, or a business owner in need of commercial space with residential units above - this property offers it all. Don't miss this rare mixed-use gem with incredible potential in one of Jersey City's most desirable neighborhoods, with both functionality and future potential - this is the ALL TIME exceptional investment opportunity! ------------------------------ Seller owns business on first floor garage - indefinite whether seller would like to remain as tenant, seller to consider all offers through contractual negotiations. Property is tenant occupied. Month to month lease. Front = $1,350.00 Rear = $2,000 Garage = $3,500.00 Owner is a licensed NJ Real Estate Agent
PROPERTY FACTS
| Price | $1,699,999 | Apartment Style | Low-Rise |
| Price Per Unit | $850,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,070 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Tenancy | Single |
| Zoning | commercial - multi family | ||
| Price | $1,699,999 |
| Price Per Unit | $850,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,070 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Tenancy | Single |
| Zoning | commercial - multi family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (80)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
NextHome Force Realty Partners
62 Hancock Ave
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