Properties

Description

Exceptional side-by-side two-family property offering an outstanding opportunity for investors and owner-occupants alike. Each spacious unit features 4 generously sized bedrooms, providing excellent rental income potential and flexible living arrangements. Each unit welcomes you with a spacious enclosed front porch, perfect for a sitting area, mudroom, or additional seasonal living space. One unit includes the convenience of an in-unit laundry. The property offers separate utilities, a full basement with abundant storage, and two expansive driveways with parking for approximately 10"15 vehicles a rare and highly desirable feature in Elizabeth. The roof was replaced approximately one year ago, providing added value and peace of mind for the new owner. Ideally located near shopping, restaurants, schools, public transportation, major highways, and Newark Liberty International Airport, this property combines convenience with strong investment potential. Whether you're looking to expand your real estate portfolio or live in one unit while generating income from the other, this well-maintained multifamily is a fantastic opportunity in a prime location. Property includes architectural/site plans and documentation related to a previously approved rear expansion (2015).

Features

  • Heating System : Baseboard - Hotwater, Multi-zone, Floor/wall Heater
  • Cooling System : Wall A/c Unit(s)
  • Basement : Full, Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 4
  • Parking Description: Blacktop, Driveway-Exclusive, Off-Street Parking,
  • Tax Assessed Valuation: 469500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002445
  • Agent ID: 406825
  • Tax: 9469
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$775,000

1083 Magnolia Ave, Elizabeth City, *

  • SQFT 48.15 Acre
  • Bedroom 8
  • Built Year 1900

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5447063
  • Price: $775,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Renovated
  • Lot Area: 48.15 Acre
  • Status: Active
  • Days On Market: 44

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Union
  • City Elizabeth City
  • Zipcode *
  • Street: Magnolia Ave
  • Street Number: 1083
  • Street Direction: From US-1&9, take Magnolia Ave to 1083"1085 M
  • Floor Number: 0
  • Longitude: W75° 47' 30.4''
  • Latitude: N40° 40' 5.9''
  • Internet Display Address: Yes
Property