NJ
Bergen
Fort Lee Boro
07024
244 Slocum Way
244 Slocum Way, Fort Lee Boro, NJ 07024
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Listing Type
Multi Family
Listing Status
Active
40
$999,000

Home Details for 244 Slocum Way

Price
$999,000
Type
Residential Income
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Year built
1941
Lot size acres
0.07
County
Bergen
Total rooms
12
Garage
2
Basement
Finished, Full
MLS Listing#
4040797
Property Description

Income-Producing 2-Family with Owned Solar, Private Parking & Strong Rental PotentialThis well-maintained 2-family home offers an excellent opportunity for investors or owner-occupants seeking rental income, valuable upgrades, and private parking. The first-floor duplex features 2 bedrooms, 2 full bathrooms, and an expanded layout with a finished lower level, while the second-floor unit offers 3 bedrooms and 1 full bathrooms. Stable tenants are already in place, with the first-floor lease expiring in August and the second-floor lease expiring in March, providing flexibility for future plans. One of the property's standout features is its owned solar panel system, offering a fixed electric rate of approximately $0.14/kWh under a long-term agreement an exceptional value that helps keep energy costs predictable for years to come. Additional highlights include private driveway parking, a detached garage, and extra parking behind the garage a rare convenience for a multi-family property. All major appliances are included, including refrigerators, stoves, microwaves, washers, and dryers. The home also features central HVAC, a newer central A/C system installed last year, an additional ductless cooling system, and public water and sewer. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers the perfect combination of cash flow, energy savings, and long-term value.

Property Features
  • Cooling Information
    • Central Air
    • Ductless
  • Heating Information
    • Baseboard
    • Natural Gas
  • Basement
    • Finished
    • Full
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • Detached
Listing Courtesy: EXP REALTY, LLC - 866-201-6210
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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