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.
SUMMIT AVENUE REALTORS (201) 416-4446
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Listing information last updated on October 22nd, 2020 at 4:18am CDT.