255 Manhattan Ave, Jersey City, NJ 07307

Owner-occupied and lovingly cared for, No. 255 Manhattan Avenue represents a special opportunity to either establish or expand your presence in Jersey City's most compelling neighborhood, The Heights. Located in the winsome Western Slope section only one half-block from beloved Leonard Gordon Park, one block from buses that service the Journal Square PATH Station, one-and-a-half blocks from buses that service New York City (Port Authority), as well as proximal to a wide range of retail. No. 255 Manhattan Avenue is three-story, fully detached 2 Family home on a 25-foot by 100-foot lot with 8 bedrooms, 3 full and 1 half bathrooms, two-car garage and an easily accessible English basement with washer/dryer and storage area that includes a bonus finished area with den, office, kitchenette and full bathroom. The first floor apartment is an owner-occupied a 3 bedroom, 1 bathroom that offers incredible flexibility as it could be expanded by incorporating a portion of the lower floor. The second floor is a tenant-occupied 4 bedroom, 1 bathroom, but it can also be used as a 3 bedroom with a dedicated office/workspace, or opened up to be used as a 3 bedroom with an open-concept living and dining space. Conservative market rent with parking for the first floor is $1800. Rental tenant on the second floor pays $1800 per month; their lease runs through the end of the year. Net income of $30,604 annually for a 4.63% CAP rate. There is no oil tank on the property.