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264 FAIRMOUNT AVE Jc Journal Square, NJ 07304
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Key Details
Sold Price $720,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240003604
Sold Date 09/27/24
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Fees $2/mo
Annual Tax Amount $10,291
Tax Year 2023
Property Description
GREAT INVESTMENT OPPORTUNITY in Journal Square! 3 Unit Mixed Use - 2 residential units over commercial. Located in Redevelopment Zone and Cannabis Retailer Zone. All units are vacant. The commercial unit is perfect for any type of business with exposed brick, ½ bath, 10ft+ ceilings in storefront connecting to 1,000 sf of warehouse space w/ 15ft+ ceilings. Tons of foot traffic along Fairmount Ave. It can be converted to a restaurant, retail shop, etc- the possibilities are endless! Existing layouts: Unit 1 & 2 are both two bedrooms that can easily be converted into three bedrooms with eat-in kitchens and spacious living area. This property features three electric meters and three hot water heaters. Property lot size is 22 x 103. One block from JFK Blvd, 1/2 block from Bergenline Ave and short drive from 1-78. Proposed plans included in docs. Sold with plans for an addition + extension, creating an additional 3 residential units, totaling 5 residential units & 1 commercial. Plans are not fully approved.
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Full
Interior
Heating A/C Central, Hot Air, Baseboard
Cooling A/C Central, Hot Air, Baseboard
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features Other-See Remarks
Read Less
Bought with AMERICAS ELITE GROUP LLC