244 Slocum Way, Fort Lee Boro NJ 07024-5306

Property City
Fort Lee Boro
Property Price
$999,000
Bedrooms
5
Year Built
1941
Tax Annual Amount
$14121
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.07
MLS Status
Active
MLS #
4040797

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.

Yearly Tax Rate
2.700
Year Built (*numeric)
1941
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Central Air, Ductless Split AC
GarageSpaces
2
Heating
Baseboard - Hotwater
Lot Size Dimensions
32X100
Property Location

40.84711, -73.97318

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762