218 Jackson Ave, Hackensack, NJ 07601

This offering presents a distinct opportunity at 218 Jackson Avenue in Hackensack, New Jersey, featuring two separate two-family residences situated on individual 25x125 lots. Acquired as a combined package, these properties are strategically located in a desirable, tranquil, and easily accessible Hackensack neighborhood. The homes embody classic architectural characteristics and offer substantial potential for value enhancement. Each dwelling is arranged in a traditional top-and-bottom configuration, comprising a total of four 1-bedroom, 1-bathroom apartments. Additionally, both residences include unfinished attics with high ceilings, providing the possibility for the creation of extra rooms.

The residence at 218 Jackson Avenue has undergone recent improvements, including a new roof and chimney. This home also features an expanded kitchen and a private deck accessible from the first-floor kitchen, offering direct access to a spacious backyard. A notable amenity is the rare, standalone studio building equipped with electricity. This structure holds potential for conversion into a shared tenant laundry room, a detached home office, or a future accessory dwelling unit (ADU), subject to municipal approval.

This property package is well-suited for investors or prospective buyers with a capacity for renovations seeking to build immediate equity. The advantage of owning two separate lots provides a versatile foundation for development and income generation. The location benefits from strong local rental demand, making this a compelling prospect for maximizing the footprint of a multifaceted real estate investment. The total finished square footage for this property is 1,216 square feet, built in 1916.

The combined offering includes two distinct parcels, each measuring 3,123 square feet. While a portion of the rear lot line of the property parcel partially borders a flood zone, as indicated by the attached title search, the properties themselves do not necessitate mandatory flood insurance. This estate sale is being conducted strictly on an as-is basis, presenting a clear opportunity for those looking to capitalize on a unique real estate proposition in Hackensack.