Property Details
$ 699,000
32 Cedar Ave
Elizabeth City, NJ 07202
32 Cedar Ave
Elizabeth City, NJ 07202
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.
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