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$ 995,000
Est. payment /mo
Open Sat 12PM-3PM
245 JEWETT AVE Jc West Bergen, NJ 07304
7 Beds
4.5 Baths
Open House
Sat May 30, 12:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260007462
Style Other-See Remarks
Bedrooms 7
Full Baths 4
Half Baths 1
Annual Tax Amount $19,592
Tax Year 2025
Property Sub-Type 2 Family
Property Description
Located in the growing West Bergen section of Jersey City, 245 Jewett Ave presents a rare investment opportunity with immediate income and significant upside through condominium conversion. This legal two-family property offers investors the chance to acquire an asset in one of Jersey City's evolving neighborhoods while already being positioned for future redevelopment potential. The property features a spacious duplex-style first unit with 4 bedrooms, two living areas, modern finishes, and a tankless water heater, creating strong appeal for future condominium resale. The second-floor unit is currently tenant-occupied through July, providing immediate rental income while plans move forward. What truly separates this property from others on the market is that the current owner has already secured approvals from the town and in accordance with bylaws to convert the property into two separate condominiums. This gives the next owner a major head start by avoiding much of the time, cost, and uncertainty typically associated with the approval process. Conveniently located near Liberty State Park, the light rail, shopping, restaurants, and major commuter routes, West Bergen continues to experience strong buyer demand and ongoing development.
Location
State NJ
County Hudson
Area Jc West Bergen
Rooms
Basement Finished, Full, Walk-Out
Interior
Heating A/C Central, Other-See Remarks
Cooling A/C Central, Other-See Remarks
Exterior
Exterior Feature Aluminum/Vinyl, Stone
Parking Features 1 Car, Other-See Remarks
Listed by KELLER WILLIAMS EAST MONMOUTH