Home for Sale at 32 Cedar Ave in Elizabeth City, NJ for $699,000

32 Cedar Ave | Elizabeth City

$699,000 | 5 Beds | 4 Baths (3 Full, 1 Half)

Welcome to this exceptional investment opportunity. This versatile property was fully renovated in 2024 and features a fresh interior throughout. The layout is thoughtfully designed with 5 spacious bedrooms, 2 full kitchens, and 3 separate living rooms, creating three fully self contained units.The primary unit offers 3 bedrooms, providing a perfect residence for an owner occupant while the two additional units generate significant supplemental income. The property is currently operating as 3 active Airbnb spaces with a proven track record of short term rental success. Outside, you will find a private driveway and a backyard designed for entertaining, which are rare features in this competitive market.Investors will appreciate the low property taxes of only $7,900 per year, a factor that significantly maximizes net returns.The location offers unmatched convenience for commuters and travelers alike. Residents enjoy immediate access to NYC bound buses and NJ Transit trains, making it a true car free destination. The property is minutes from Newark Liberty International Airport and provides direct access to Routes 1/9, the NJ Turnpike, and the Garden State Parkway. Its proximity to the Prudential Center and MetLife Stadium ensures high desirability in Union County's largest city. GSMLS 4022672

Directions to property: FROM ELMORA TO RAHWAY ONE WAY TO CEDAR

MLS Listing ID: 
GSMLS 4022672
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$699,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Detached
Primary Market Area: 
Elizabeth City
Address: 
32 Cedar Ave, Elizabeth City, NJ 07202-2406, U.S.A.
County: 
Union
Latitude: 
40.6558000
Longitude: 
-74.2275100
Directions: 
FROM ELMORA TO RAHWAY ONE WAY TO CEDAR
Public Remarks: 
Welcome to this exceptional investment opportunity. This versatile property was fully renovated in 2024 and features a fresh interior throughout. The layout is thoughtfully designed with 5 spacious bedrooms, 2 full kitchens, and 3 separate living rooms, creating three fully self contained units.The primary unit offers 3 bedrooms, providing a perfect residence for an owner occupant while the two additional units generate significant supplemental income. The property is currently operating as 3 active Airbnb spaces with a proven track record of short term rental success. Outside, you will find a private driveway and a backyard designed for entertaining, which are rare features in this competitive market.Investors will appreciate the low property taxes of only $7,900 per year, a factor that significantly maximizes net returns.The location offers unmatched convenience for commuters and travelers alike. Residents enjoy immediate access to NYC bound buses and NJ Transit trains, making it a true car free destination. The property is minutes from Newark Liberty International Airport and provides direct access to Routes 1/9, the NJ Turnpike, and the Garden State Parkway. Its proximity to the Prudential Center and MetLife Stadium ensures high desirability in Union County's largest city.
Community Information
Subdivision: 
ELMORA
Building Details
Details about the building on a property.
Architectural Style: 
A-Frame
Year Built: 
1990
New Construction: 
0
Basement: 
Finished
Fireplaces: 
Yes
Construction
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Exterior Features: 
Barbeque, Curbs, Patio, Sidewalk, Thermal Windows/Doors
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
15
Total Bedrooms: 
5
Total Bathrooms: 
4
Total Full-Bathrooms: 
3
Total Half-Bathrooms: 
1
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, Multi-Zone
Heating System Fuel: 
Gas-Natural
Cooling System: 
1 Unit, Central Air
Water Heating System: 
Gas
Water Source: 
Public Water
Sewer: 
Public Available
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
25X100
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Total Parking Spaces: 
1
Pool: 
Yes
Fence: 
No
Public Record
Parcel Number: 
2904-00374-0000-00005-0000-
Lot Number: 
5
Annual Tax: 
$7,924.00
Property Zoning: 
T2
Contract Details
Details about the listing contract.
Exclusions: 
furniture and appliances except gas stove
Possession: 
ASAP
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX SELECT

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