4547 Magnolia Avenue
New Egypt, NJ 08533
4 beds | 3 baths | 0.84 acres | #22429417
Description
***Investment Opportunity***
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 a little TLC this is an opportunity not to be missed!
Property Details
- Parking FeaturesUnpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage
- ZoningResidential, Non-Conforming, Multi-Family
- InteriorAttic, Recessed Lighting
- Lot DescriptionFenced Area, Wooded
- Exterior FeaturesFence, Gazebo
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Cooling FeaturesMulti Units
- Property SubtypeTwo Family
- Middle SchoolNew Egypt
- High SchoolNEW EGYPT
- MLS #22429417
- MLS #22429417
- RoofShingle
- Parking TypeGarage
- Utility SourcePublic
- Cost525000
- CountyOcean
- Acres0.84
- BasementSlab
- Year Built1940
- Fireplaces1
- Cooling1
- Bedrooms4
- Bathrooms3
- Full Baths3
- Parking1
- Parking Spaces8
Location
Legal
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Last Updated: . Source: MONMOUTH
Listing Courtesy
Listing Agent: Tracy Portaro (#51491)
Listing Office: RE/MAX First Realty (#4485)
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