$700,000

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124 West 20Th St Bayonne, NJ, United States 07002

This well-maintained multi-family property offers both immediate rental income and long-term potential for owners and investors alike. With two large apartments, respectful long-term tenants, and a 7kW solar system, this home provides a unique combination of comfort, sustainability, and financial benefits. Two Spacious Apartments: ?? Apt 1 (First Floor Duplex): This unit offers 2 bedrooms and 1.5 bathrooms across two levels, including a basement with 2 additional rooms, a bathroom, and a shower. ?? Apt 2 (Upstairs Unit): A 2-bedroom, 1-bathroom apartment with a bright and open layout. Modern kitchen and spacious rooms. Both tenants are long-standing, reliable, and would prefer to remain in the property. However, if the new owner decides to occupy one of the units, the tenants are open to moving upon request. 7kW Solar System: This property comes with a 20-panel, 7kW solar array, offering substantial energy savings. The system produces between 8,500 to 10,000 kWh annually, resulting in estimated savings of $1,360 per year. Over the next 7 years, this could lead to total savings of $9,520 based on current electricity rates in Bayonne. The solar system not only helps lower utility bills but also adds value to the home with sustainable energy production. Outdoor Living Space: Enjoy a private backyard with a working jacuzzi???perfect for relaxation or entertaining. The yard offers additional space for gardening, outdoor seating, and gatherings. Prime Location: Located in the thriving city of Bayonne, this home enjoys a prime location near everything you need: ?? Public Transportation: The 22nd Street Light Rail Station is just 0.5 mile, providing quick access to Jersey City, Hoboken, and NYC. Convenient bus routes are also nearby. ?? Schools and Parks: Close to highly rated schools like Henry E. Harris Community School and Bayonne High School. For recreation, enjoy the nearby G. Thomas DiDomenico Park and Dennis P. Collins Park, both offering beautiful green spaces, playgrounds, and waterfront views. ?? Local Amenities: The home is close to a variety of shopping centers, restaurants, and everyday conveniences. ?? Major Attractions: Just a short drive from Newark Airport, the American Dream Mall, and MetLife Stadium, making it perfect for those who want quick access to entertainment and travel hubs.

Amenities

  • Bedrooms: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Property Type: Multi-Family
  • Architectural Style: Colonial
  • Home size: 0 ft2 / 0 m2
  • MLS: 240018198

Property brokered by

WEICHERT, REALTORS®

(800) 824-2408

Get more listing details on brokerage site

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