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$ 1,749,000
Est. payment /mo
Open Sat 1PM-3PM
69 TONNELLE AVE Jc Journal Square, NJ 07306
8 Beds
6 Baths
Open House
Sat Sep 27, 1:00pm - 3:00pm
Sun Sep 28, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250019814
Style Contemporary,Other-See Remarks
Bedrooms 8
Full Baths 6
HOA Fees $1/mo
Annual Tax Amount $17,554
Tax Year 2023
Lot Dimensions 25x124,28x134
Property Sub-Type 2 Family
Property Description
Exclusive Investment Opportunity at 69 Tonnelle Avenue, Jersey City Introducing an exceptional, recently renovated two-family residence that combines robust investment potential with versatile living options. This property is situated in a rapidly evolving neighborhood, offering both strong rental income prospects and the possibility for future development Size & Layout: Total living space of approximately 3,000 square feet Situated on an irregular lot measuring 25x124 feet with a 28x134 feet deep lot The lot's zoning in a redevelopment zone allows for the construction of up to 16 additional units Main Features:9 bedrooms and 6 bathrooms across both units Two-car garage at the rear of the property Fully fenced backyard measuring ample space, perfect for summer gatherings, outdoor entertaining, or additional landscaping Proximity to vital transport links and amenities, making it highly desirable for tenants or multi-generational families Unit 1 (Main Duplex):5 bedrooms / 3 bathrooms Spacious basement access providing additional storage or recreational space Large living room ideal for family gatherings or entertaining guests Modern kitchen featuring stainless steel appliances, stylish hardwood floors, high ceilings, and abundant natural light In-unit washer and dryer for convenience Designed to maximize comfort and functionality for long-term tenants or multi-family use Unit 2 (Secondary Duplex):4 bedrooms / 3 bathrooms Includes an attic space Well-sized living room with daylight flooding Comfortable bedrooms with ample closet space Up-to-date kitchen equipped with brand-new appliances Also features an in-unit washer and dryer. Prime location in Jersey City's fastest-growing neighborhood10-minute walk to Journal Square Path Station, connecting easily to Manhattan Close proximity to local cafes, restaurants, shops, and parks Easy commute to New York City, quick access to Newark Liberty, JFK, and Jersey City airports Potential for substantial future development: The property's placement within a redevelopment zone opens doors for the possibility of building up to 16 new units, offering significant upside for investors An attractive rental income from two fully operational duplex units A perfect multi-generational home for large families seeking spacious accommodation High growth area with ongoing neighborhood development Excellent accessibility and neighborhood amenities enhance tenant appeal This property truly offers exceptional value, combining current income-generating capacity with the potential for future expansion. Whether you're a seasoned investor or a buyer seeking a spacious, adaptable home in a dynamic community, 69 Tonnelle Avenue presents a compelling opportunity. photos are virtually staged
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Finished
Interior
Heating A/C Central, Gas, Other-See Remarks
Cooling A/C Central, Gas, Other-See Remarks
Exterior
Exterior Feature Other-See Remarks
Parking Features 2 Cars, Garage
Listed by NEW AND MODERN GROUP LLC
