218 Jackson Ave, Hackensack, NJ 07601

This two-family residential income property, located at 218 Jackson Ave in Hackensack, NJ, presents a distinct investment opportunity. Situated on its own 25x125 lot, this property is positioned in a quiet neighborhood with convenient access to NYC bus lines, facilitating an easy commute. It is also within walking distance to local shops and restaurants in the revitalized downtown area. The property was built in 1916 and offers two separate 1-bedroom, 1-bathroom apartments.

Recent updates include a brand-new roof, backed by a 50-year warranty, and a new chimney. The first-floor apartment features an expanded kitchen and a private deck that provides direct access to a spacious backyard. The property also includes an unfinished attic with high ceilings, offering potential for further development or customization by a new owner. The total finished square footage is 1,216, with a lot size of 3,123 square feet.

A notable feature is the standalone studio building, which is equipped with its own separate gas and electric meters and has capped water lines. With town approval, this structure could be utilized for a shared tenant laundry room, a detached home office, or potentially an accessory dwelling unit (ADU), as much of the utility groundwork is already in place. The property is being sold as-is.

This property is a strong consideration for investors or buyers with a capacity for renovation, looking to leverage the robust local rental demand. Additionally, this property can be purchased in conjunction with the adjacent two-family home at 216 Jackson Ave, creating a combined four-unit package across two separate lots. The property benefits from natural gas and electricity utilities.

The property includes 2 full bathrooms and a total of 8 rooms. Annual property taxes are approximately $9,483. The property type is classified as Residential Income, specifically a Multi-Family dwelling. The lot dimensions are 25 x 125 feet.