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Residential Income For Sale

1041 Magnolia Ave, Elizabeth City, Union 07201-1431

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Property Description

Well-maintained 2-family property in a convenient Elizabeth location. Fully renovated in 2019 with major upgrades throughout, including all new plumbing, electric and new roof, plywood, newer boilers and hot water heaters, also brand-new flooring. Both units feature stainless steel appliances. The first-floor unit will be delivered vacant, offering flexibility for an owner-occupant or new tenant. The second-floor unit is rented to long-term tenants paying $1,715/month. Additional features include a walk-up attic with substantial storage space and potential for future expansion, plus a security camera system already in place.Solid building with updated systems and low immediate capital needs.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4025921
Price:
$485,000
Year Built:
9999
Lot Area:
0.06 Acre
Status:
Under Contract
Office Name:
EXIT REALTY LUCKY ASSOCIATES
Full Bathrooms:
2
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater, 2 Units
Cooling System:
Window A/C(s)
Basement:
Unfinished
Architectural Style:
2-Two Story
Exterior Features:
Metal Fence, Wood Fence
Interior Features:
Smoke Detector, Fire Extinguisher, Tile Floors, Vinyl-Linoleum Floors
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Union
County:
Union
City:
Elizabeth City
Zipcode:
07201-1431
Street:
Magnolia Ave
Street Number:
1041
Longitude:
W75° 47' 38.5''
Latitude:
N40° 40' 3.3''
Directions:
Catherine st to Magnolia or Route 1&9 South to Magnolia
Zoning:
R2
Additional Information
Lot Size Dimensions:
24X115
Water Source:
Public Water
Number Of Units Total:
2
Lot Features:
Level Lot
Financial
Tax Annual Amount:
7297
Listing Information
List Agent Mls Id:
238477
List Office Mls Id:
063604
Mls Status:
Under Contract
Modification Timestamp:
2026-07-01T08:36:28Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4025921
Lot Area:
0.06 Acre
$485,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com