Two-Family Value-Add
557 Magnolia Ave Elizabeth, NJ 07206
557 Magnolia Ave, Elizabeth, NJ, 07206
$375,000
For Sale
$375,000
Two separate units in an Elizabeth, NJ duplex needing repairs and updating throughout.
Days on Market21
Property Features for 557 Magnolia Ave
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing agency
Listed by
HARRIS M. SANDLER
Source
Elliman
Added: Jul 2 Updated: Jul 21 at 8:14AM Checked: Jul 21 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HARRIS M. SANDLER
Investment Insights
Based on property information with market context.
This two-family home offers two separate units and provides a value-add renovation opportunity. The property is described as requiring repairs and updating throughout, making it well-suited for buyers looking to renovate for rental income or owner-occupancy after improvements are completed.
The home is positioned for convenience to major transportation routes, shopping, schools, parks, and other local amenities.
Prospective buyers should note that the buyer is responsible for obtaining a Certificate of Occupancy and Fire Certificate, along with any inspections required to close. The property is eligible for FHA 203K financing and the $100 Down program, and bids are subject to an exclusive 5-day bidding period with HUD-approved brokers and registered agents eligible to submit. During that period, only owner occupants are eligible to submit bids.
The home is positioned for convenience to major transportation routes, shopping, schools, parks, and other local amenities.
Prospective buyers should note that the buyer is responsible for obtaining a Certificate of Occupancy and Fire Certificate, along with any inspections required to close. The property is eligible for FHA 203K financing and the $100 Down program, and bids are subject to an exclusive 5-day bidding period with HUD-approved brokers and registered agents eligible to submit. During that period, only owner occupants are eligible to submit bids.
Key Highlights
- Duplex in Elizabeth, NJ with 2 separate units
- Year built: 1923
- Value‑add project requiring repairs and updating throughout
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units in an Elizabeth, NJ duplex needing repairs and updating throughout.
Where is this duplex located?
The property is located at 557 Magnolia Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex in Elizabeth, NJ with 2 separate units; Year built: 1923; Value‑add project requiring repairs and updating throughout
