270 1/2 Summit Ave, Jersey City, NJ 07306

Property Description

Excellent three-family investment opportunity in the heart of Journal Square, Jersey City! This property features three units: a first-floor 1-bedroom, second-floor 2-bedroom, and third-floor 3-bedroom apartment. The first and third floors have been recently renovated. Currently generating $5,025 in monthly gross rental income ($60,300 annually), with all three units occupied: first floor $1,675/month (lease through September 2027), second floor $1,350/month (lease through July 2027), and third floor $2,000/month (lease through September 2027). Each unit has separate utilities, and large bay windows bring in abundant natural light. Enjoy a long, private backyard offering a peaceful outdoor retreat. Ideally situated on Summit Avenue, within walking distance to the Journal Square PATH station, shops, and restaurants, with convenient access to NYC. An excellent opportunity for investors or owner-occupants seeking rental income and long-term value!