$1,499,000 107 Magnolia Ave Jersey City, NJ

MLS: 202021518   Type: Multi-Family   County: Hudson   City: Jersey City   Area: Journal Square   Zip: 07306   Style: Multi-Level     Taxes: $11,810

Mortgage $7,038 /mo

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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.

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Price History

9/24/2020 Listed $1,499,000

Bathrooms 5
Class 2-4 FAMILY
Listing Area JC, Journal Square
Showing Instructions Call listing office, Other See Remarks
Status ACTIVE
Status Active
Tax Year 2019
Taxes 11810
Type 4 Family

Interior Features

Basement Full, Partial Finish, Walk-Out
Basement Full Baths 1
Basement Kitchens 1
Basement Other 3
Fl1 Rooms 8
Fl2 Rooms 8
Fl3 Rooms 0
Fl4 Rooms 0
Floor 1 Bedrooms 2
Floor 1 Dining Rooms 2
Floor 1 Full Baths 2
Floor 1 Kitchen 2
Floor 1 Living Rooms 2
Floor 1 Rent 1100
Floor 2 Bedrooms 3
Floor 2 Dining Room 1
Floor 2 Full Baths 2
Floor 2 Kitchens 2
Floor 2 Living Rooms 2
Floor 2 Rent 2800
Half Baths 0
Heat Expense 2717
Heating/Cooling Baseboard, Gas, Hot Water
Total Dining Rooms 3
Total Full Baths 5
Total Kitchens 5
Total Living Rooms 4
Total Other Rooms 3

Exterior Features

Building Style Multi-Level, Other-See Remarks
Exterior Aluminum/Vinyl, Brick
Inclusions All appliances in all the units, including washer, dryer, and refrigerator in the basement. Tool shed in the backyard.
Lot Dimensions 25 X 100
Parking Available None

Property Schools



Direct Link:

https://www.searchpropertiesbysouthern.com/property/102-202021518-107-Magnolia-Ave-Jersey-City-NJ-07306

Gallery (15 photos)

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Property vs Zip Code Avg (07306)

Price 1.49M Avg 939K

Taxes $11,810 Avg $8,573

Visits 21 Avg 56

Days on Site 70 Avg 66

Walkscore® 96 Avg 88

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: SUMMIT AVENUE REALTORS - 201-416-4446




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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ
973-845-4260