Active

45-47 Magnolia Avenue

New Egypt NJ, 08533

$525,000


$250.48 per sqft

Active

4 Beds

3 Baths

2,096 sqft

Multi-family

Built in 1940

***Investment Opportunity*** Calling Contractors/Investors. Seize this rare opportunity to own 2 homes on 1 lot, perfect for mother/daughter, multi-generational living and/or rental income with potential for subdivision- 2 Detached Homes, 3 Kitchens, 4 beds, 3 full baths. 2000sf Garage, Shed & Private Outdoor Oasis! This exceptional property has public sewer/water, gas cooking, backed up to woods. Home 1-45 Magnolia is 660 sq ft featuring 2 bedrooms, laundry, kitchen, full bath, living room. Home 2-47 Magnolia is 1436 sq ft, divided into 2 units, each with a kitchen, full bath, bedroom, and living room, sharing a convenient laundry room. The property also includes a massive detached two-story garage that can fit 5-6 cars, with extra loft space perfect for a home gym, office, or studioendless possibilities for customization.

Enjoy the outdoors with a fenced-in yard, a charming gazebo, ideal for entertaining or relaxing. Short walk to the charming town of New Egypt and Laurita Winery.
Both homes share a spacious driveway, making this property not only versatile but also practical. With some TLC this is an opportunity not to be missed!

22501355

MLS ID

January 16, 2025

Listed

January 16, 2025

Updated

Map

45-47 Magnolia Avenue
New Egypt NJ, 08533

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Recessed Lighting


Fireplace

Yes


Cooling

Yes


Cooling Description

Multi Units


Heating

No

Exterior/Building Features

Lot Size

0.84 Acres


Exterior Features

Gazebo


Roof

Shingle


Sewer

Public Sewer

School Information

High School

New Egypt

Other Property Details

Area Name

New Egypt


Taxes

$6,586


Tax Frequency

Annually


Garage

Yes


Garage Spaces

6


Parking

Covered, Unpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage


View

No


County

Ocean


Water Source

Public


Pool

No

Courtesy of RE/MAX First Realty with Tracy Portaro,
Listing Contact: 732-359-2000 

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