Larry Levin, Realtor

244 Slocum Way, Fort Lee, NJ 07024

$999,000
  • 244 Slocum Way, Fort Lee, NJ 07024 Main Photo

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New to the Market Active
BEDS5 BATHS3 full MLS#4040797
STATUS PROPERTY TYPEMulti Unit - Multiple

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.

244 Slocum Way | MLS# 4040797

This multi-family property located at 244 Slocum Way, Fort Lee, NJ 07024 is currently listed for sale with an asking price of $999,000. Search Fort Lee real estate on www.livelovephilly.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Cooling: Central Air, Ductless Split AC
Fuel Type: Gas-Natural
Garage: 2
Heating: Baseboard - Hotwater
Lot Size: 0.07 Acres
Taxes: $14,121
Year Built: 1941

Feature Descriptions

Days on Site: 1
Driveway: Additional Parking, Common
Exterior: Brick
Lot Dimensions: 0.07 acre(s)
Parking Notes: Detached Garage
Sewer: Public Sewer
Utilities: Gas-Natural, See Remarks
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: EXP REALTY, LLC
Agency Contact: 973-250-9974

Shown By

Agent Name: Larry Levin
Agent Phone: Cell: (267) 808-6565
Agency Title: RealtyMark

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Estimated Payment

$ 3,691.47 per month $2,223.34 Principal & Interest $1,176.75 Property Tax $291.38 Homeowner's Insurance

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