421-423 Magie Avenue, Elizabeth, NJ 07208

$845,500

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List Price
$845,500
Status
ACTIVE
Days on Market
14
MLS#
22621516
Subtype
Residential Income
Year Built
1921
Acres
0.27
MLS Area Major
Elizabeth (ELI)

Property Description

Savvy buyers and investors, prepare to be impressed by this absolute powerhouse of a property! Situated in Elizabeth's highly desirable Elmora neighborhood, 421-423 Magie Avenue represents a rare, top-tier investment opportunity designed for maximum cash flow, incredible flexibility, and long-term appreciation. This is an expansive, high-value asset built to command excellent rental returns. The layout is designed to maximize space: the first unit offers a spacious 3-bedroom, 1-bathroom setup, while the second unit offers 3 large bedrooms and 2 full bathrooms, alongside a generously sized kitchen. Reaching even higher, the full attic features its own full bathroom, offering immense possibilities. The ground level boasting a full basement with multiple rooms, a utility area, a full bathroo , and direct, separate outdoor access from the front of the home. Outside, the property continues to deliver with a massive, beautifully paved backyard perfect for outdoor enjoyment, and a private driveway that solves all your parking needs. Located just moments from NYC transit, local schools, and Elmora's vibrant shopping and dining district, this property is a dream for tenants and owners alike. Whether you are expanding your investment portfolio or looking to live in one unit while letting the other offset your expenses, this versatile, grand-scale home is an opportunity you cannot afford to miss. Opportunities of this caliber are few and far between-schedule your private tour today and secure this Elmora property!

Additional Information

Taxes
$11,925
Zoning
Multi-Family
Air Conditioning
Multi Units
Roof
Shingle

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty West Monmouth. Contact: