244 Slocum Way, Fort Lee, NJ 07024

This income-producing 2-family residence at 244 Slocum Way in Fort Lee, NJ, presents a compelling opportunity for investors or owner-occupants. The property features a total of 5 bedrooms and 3 bathrooms across its two units, with a combined finished square footage of 2,868. The first-floor duplex unit includes 2 bedrooms and 2 full bathrooms, complemented by an expanded layout and a finished lower level. The second-floor unit offers 3 bedrooms and 1 full bathroom. The home was originally built in 1920 and is situated on a 3,202 square foot lot.

A significant advantage of this property is its owned solar panel system, which provides a fixed electric rate of approximately $0.14/kWh under a long-term agreement, offering predictable and potentially reduced energy costs. For convenience, the property includes private driveway parking, a detached garage with space for 2 vehicles, and additional parking situated behind the garage, a valuable amenity for multi-family dwellings. All major appliances, including refrigerators, stoves, microwaves, washers, and dryers, are included with the sale.

The home is equipped with central HVAC, featuring a newer central air conditioning system installed within the last year, alongside an additional ductless cooling system. Utilities are provided by public water and sewer connections. The property is zoned for residential income and is a multi-family type, offering distinct living spaces. Tenants are currently in place, with the first-floor lease scheduled to expire in August and the second-floor lease in March, providing a degree of flexibility for future occupancy plans.

This property is well-suited for those looking to expand their investment portfolio or to offset mortgage expenses through rental income. The combination of cash flow potential, energy savings from the solar system, and the convenience of private parking contributes to its long-term value. The property is located in Bergen County.