220 Delaware Ave, Jc, Journal Square, NJ 07306

Property Description

A compelling opportunity in the heart of Journal Square, this beautifully updated two-family residence offers an exceptional combination of space, income potential, parking, and convenience. The property comprises four bedrooms and three full bathrooms, with hardwood floors throughout and a fully finished walk-out lower level featuring an additional room currently used as a home office. Recent improvements include a new roof and updated plumbing, adding further value and peace of mind. The first residence features its own washer and dryer and enjoys direct access to a beautifully maintained private backyard, creating an inviting setting for outdoor entertaining and relaxation. The backyard also features a spacious storage shed, providing valuable additional storage. One-car on-site parking, along with additional street parking, provides convenient options for multiple vehicles. Unit 1 is currently leased at $2,700 per month, while Unit 2 is vacant and estimated to command approximately $2,200 per month, offering immediate flexibility for an owner-occupant or investor. Ideally positioned near the Journal Square PATH, major highways, shopping, dining, and neighborhood amenities, the home provides excellent connectivity to Manhattan. A rare opportunity to acquire a well-positioned multifamily property with strong income potential in one of Jersey City’s most connected neighborhoods. *Qualified first-time homebuyers may also be eligible for a Valley Bank financing program offering rates as low as 5.65%, as little as 5% down, and no PMI, subject to borrower qualification, lender guidelines, and program availability.