199 Avenue A, Bayonne, NJ 07002

Property Description

Welcome to 199 Avenue A, a well maintained semi attached three family property in the heart of Bayonne, perfect for an investor or an owner occupant looking to house hack. Situated on a 37 by 100 lot, this property offers three spacious units, each featuring 2 bedrooms and 1 bathroom with a nice flow and layout that separates the living and bedroom spaces. Bedrooms and closets are generously sized throughout, giving tenants and owners alike a comfortable place to call home. The top floor unit will be delivered vacant at closing, giving a new owner occupant the chance to move right in and enjoy a bright, private top floor unit while collecting rental income from the two units below to help offset the mortgage. The remaining two units are on month to month leases, offering flexibility along with strong upside potential to reposition rents with cosmetic upgrades over time. Outside you will find a fenced in private yard surrounded by pavers, a wonderful space to relax or entertain, along with a private storage shed for extra storage. The property also includes 2 car off street parking, a major convenience in this desirable Bayonne location. Additional features include a common area washer and dryer, a solid slab foundation, and an all electric setup with no gas service required, keeping utilities simple to manage. The location cannot be beat, less than half a mile to the 8th Street light rail station and within walking distance to 16th Street Park, Bergen Point, and a wide variety of restaurants and shops. Whether you are looking to live in one unit and let tenants help cover your mortgage, or add a fully tenanted asset to your portfolio, 199 Avenue A offers flexibility, immediate income, and long term upside in a strong and growing Bayonne market.