For Sale

Description

Situated in the heart of the thriving Journal Square district, this property presents a premier investment opportunity within a 2,744-square-foot, three-family residence. This well-maintained property is uniquely positioned for a value-add strategy, offering three spacious units—each featuring one bedroom and one bathroom. A standout feature for any landlord is the full separation of utilities; gas, electricity, and water are all individually metered, significantly minimizing owner expenses. The building’s current status is ideal for immediate cash flow or owner-occupancy, with two units currently occupied and one vacant unit ready for modernization. While the interiors have been meticulously cared for, they remain in their classic condition, providing a blank canvas for an investor to renovate and capture top-of-market rents. This property allows you to capitalize on the neighborhood's rapid appreciation while enjoying the stability of a turn-key layout with long-term upside potential. The location is a commuter’s dream, located just blocks from the Journal Square Transportation Center with 24/7 PATH service to Manhattan and Jersey City’s waterfront. Residents benefit from being a few blocks away from the cultural hub of Bergen Avenue, the historic Loew’s Jersey Theatre, and the expansive 270-acre Lincoln Park. As the Journal Square skyline continues to transform with world-class developments, assets like 77 Giles Avenue offer a rare combination of residential neighborhood charm and metropolitan convenience, making it a cornerstone for any real estate portfolio.