79 E 24th St Bayonne, NJ 07002

The two-family investment property has a consistent rental history of 100% occupancy in this metro edge city. A two-year lease beginning March 1st, 2021, was signed by the apartment one tenants. Apartment two recently signed a one-year lease for $1,700. The second-floor apartment is approximately 7% below market comps. The tenant, a friend of the previous tenant, received a sweetheart lease. The first-floor apartment has three bedrooms, a living room, and a dining area. They have exclusive use to the backyard and the washer and dryers in the basement. Apartment two is a duplex with three bedrooms on the first floor, and attic used as both a children’s playroom and a fourth bedroom. The property is approximately .3 miles from the 22nd St light rail station. Broadway is .3 miles from the subject property, where you will find restaurants that cater to American, Italian, Latin American, and Asian cuisine. In the subject area block area, you will find similar one-family and two-family residences. There is Walmart, Lidel, and Costco within .7 and .9 miles from home, respectively. The cross street of Avenue F is experiencing exponential growth with a transit village approved will be within walking distance of the property.