107 Magnolia Ave, Jersey City

$1,499,000

5 Beds
5 Baths
0 Sqft
0 Acres
0 Garages

Location, location, location! A rare opportunity to own a 4-family corner lot with basement and yard in the quickly developing Magnolia neighborhood of Journal Square. This investment property is within 1 block of the Journal Square PATH station as well as the site of future development projects, including the newly approved justice complex park and Journal Square Urby. Lots of potential for updating, redevelopment, or condos. The property has been well maintained by its previous owner and is generally in great condition. Units feature hard wood floors and newer windows. Skylight windows reveal a clean and bright hallway. The property features a semi-finished basement with french drain, 2 sump pumps, brand new check valves, and walk-out to a large backyard waiting for its future owner to make into their own. Each unit has its own electric and gas meters. It also has a newer water heater. As of now, one 2nd floor unit will be delivered vacant! An ideal property for someone who is looking for something to update for premium rents and a solid investment property before major development raises property values.

Essential Information
MLS® #202021518
Price$1,499,000
Bedrooms5
Bathrooms5.00
Full Baths5
Acres0.00
TypeMulti-Family
Sub-Type4 Family
StyleMulti-Level, Other-See Remarks
StatusACTIVE
Community Information
Address107 Magnolia Ave
AreaJC Journal Square
CityJersey City
CountyHudson
StateNJ
Zip Code07306
Amenities
ParkingNone
Interior
HeatingBaseboard, Gas, Hot Water
Has BasementYes
BasementFull, Partial Finish, Walk-Out
Exterior
ExteriorAluminum/Vinyl, Brick
Lot Description25 X 100
Additional Information
Date ListedSeptember 24th, 2020
Days on Market28
LISTING MAP

Get directions to this property:

SUMMIT AVENUE REALTORS (201) 416-4446

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Listing information last updated on October 22nd, 2020 at 4:18am CDT.

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