House Description

Located in Elizabeth's highly sought-after North End, 611 Jefferson offers a rare combination of location, scale, and upside potential. Just under one mile (.7 to be exact) from the train station and moments from major highways, this well-positioned multi-family property is ideal for commuters, investors, and owner-occupants alike. Situated within the R-3A zone, which allows for residential properties of up to four units, this property presents an outstanding opportunity for potential conversion to a three & four unit homes, creating significant added value.The home is currently configured as a two-unit residence, with each unit offering an impressive 4-bedroom layout a true rarity in Union County. Additional living space includes a finished attic with 2 bedrooms, 1 full bathroom, and a separate entrance, as well as a finished basement with a full bathroom and summer kitchen with good ceiling height and its own private access, providing exceptional versatility.Completing the property is a large two-car garage and private driveway an especially valuable feature in this densely populated neighborhood where off-street parking is in high demand. 611 Jefferson is a unique opportunity to own a property with strong income potential, flexible use, and long-term upside in one of Elizabeth's most desirable locations. This home has potential for an additional 30k-36k in extra rental income.

Highlights

Listed by MICHAEL GOMES , MP SIGNATURE REALTY NJ , 908-686-1200. Garden State MLS

Property Type

Multi-Family

Lot/Acreage

0.14

Year Built

1926

County

Union

Listing ID

4015748

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Payment Breakdown

Principal Interest

$4,575

Taxes

$1,093

Home Price

$899,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$179,800

Down Payment

Down Payment %

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Monthly Price:

$4,575.20

Principal

Taxes