55 Wayne St

Description

Introducing an exceptional investment opportunity in the heart of historic downtown Jersey City"with a 5.5% cap rate. This fully gut-renovated 25x100 four-family brownstone effortlessly blends classic charm with modern convenience. Thoughtfully redesigned from top to bottom, each unit offers a unique and inviting living experience. Unit 1 features a spacious 1-bedroom, 1-bathroom layout with a flexible den"perfect for a home office or guest space"and an open-concept design that creates a seamless flow throughout. Unit 2 offers 2 bright bedrooms and 1 bathroom, highlighted by tasteful finishes and an abundance of natural light. Units 3 and 4 each boast 2 bedrooms and 2 bathrooms, including en-suite options that add comfort and privacy. Across all units, youll find stylish stainless steel appliances, in-unit washer/dryers, exposed brick accents, and large windows that fill the space with natural sunlight. A shared backyard serves as a peaceful urban retreat, ideal for relaxing or entertaining.With a strong projected cap rate , this brownstone is not only beautifully renovated but also a solid long-term investment. Perfectly positioned just steps from Jersey Citys vibrant downtown scene, residents enjoy easy access to top dining spots, local shops, and multiple transportation options"including Grove Street PATH, the Hudson-Bergen Light Rail, and bus lines into Manhattan. Excellent long term lease on this brownstone perfect for investors.