This exceptional property at 18 Short Street in Fort Lee, NJ, presents a rare chance to acquire two adjacent all-brick duplexes. Each duplex is configured with 3 bedrooms and 3.5 bathrooms, offering a total of 6 bedrooms and 7 bathrooms across the combined units. This configuration makes it a highly versatile option for investors seeking immediate rental income or for an owner-occupant who can reside in one unit while benefiting from the income generated by the other. Both units benefit from newly installed central air conditioning, reflecting quality construction and desirable layouts within a sought-after Fort Lee neighborhood.
Unit B has undergone extensive recent renovations, featuring a modern open-concept design and high-end finishes throughout. The interior showcases hardwood and tile flooring, a beautifully updated eat-in kitchen, and spacious living areas. The finished basement includes a separate entrance, a dedicated washer and dryer, a skylight, and a water filtration system. This unit also comes with a private garage equipped with a Tesla EV charger. The robust all-brick construction contributes to exceptional insulation, promoting energy efficiency and a quiet living environment.
The location offers significant advantages, particularly for families. The property is situated just one block from a distinguished elementary school, which has been recognized as a National Blue Ribbon School on two occasions, most recently in 2024. This proximity to a highly-rated educational institution adds substantial value and convenience for residents with school-aged children. The lot size for the property is 50 x 100 feet, totaling 5,001 square feet.
From an investment standpoint, this property is designed to provide immediate financial returns. Unit B was recently leased at a monthly rate of $5,200, and Unit A has one year remaining on its current lease agreement. This arrangement ensures stable cash flow from the outset. The property was built in 1993 and has a total finished square footage of 3,954. Annual property taxes are approximately $22,663. Utilities available include natural gas and electricity, with both natural gas and water connected.
Cosmo Realty, Inc.
201-522-7000
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