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107 Magnolia Ave
Jersey City, NJ 07306 Journal Square

Price Upon Request

Apartments For Sale  •  2,716 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,716 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1920
  • Zoning Journal Square 2060
90 Transit Score
80 Walk Score

Highlights

Rare 4-family investment property on corner lot
Within 1 block of the Journal Square PATH station in the quickly appreciating Magnolia neighborhood of Journal Square
Semi-finished basement waiting for new owner to make their own
Well maintaned by the previous owner and has newly updated vacant apartment - landlord chooses new tenant
Potential for redevelopment or condos
Consistent tenants and rental income

Financial Summary (Proforma)

Net Operating Income: $53,087 USD (2020)
Total Expenses: $21,313 USD

Amenities

  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Hardwood Floors
  • Refrigerator
  • Tub/Shower
  • Carpet
  • Basement
  • Garden
  • Handrails
  • Intercom
  • Porch
  • Skylights
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
Journal Square (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 2 min 5 min 0.3 mi
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 3 min - 1.3 mi
Transit/SubwayDriveWalkDistance
Journal Square (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 2 min 5 min 0.3 mi
AirportDriveWalkDistance
Newark Liberty International 14 min - 9.6 mi
LaGuardia 30 min - 13.5 mi
John F Kennedy International 41 min - 21.7 mi