$795,000
This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating… Read More system has also been installed on the first floor, the building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new, you have to see this property in person to truly appreciate the many recent improvements. Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approved loan letter. Buyers should check with their lender before moving forward. BETTER SAFE THAN SORRY This property represents an outstanding investment opportunity with significant income potential. GOOD NEWS...!!! THE PROPERTY HAS ALREADY BEEN APPRAISED AT $800,000, SO THERE IS NO RISK OF GOING FOR THE FULL ASKING PRICE...!!! Read Less
Courtesy of PROMISE LAND REALTY.
Listing Snapshot
Days Online
399
Last Updated
Property Type
Other
Beds
9
Lot Size
0.1 Acres
Year Built
1950
MLS Number
3969680
30 Days Snapshot Of 07522
$600k
+31%
(avg) sold price
1
0%
home sold
351
+631%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Building
Built in 1950
Cooling
Central Air, Window A/C(s)
Exterior Features
Brick, Vinyl Siding, Metal Fence, Wood Fence
Garage
None
Water Features
Electric, Gas, Public Water
Heating
Electric, Gas-Natural, 3 Units, Radiators - Hot Water
Interior Features
Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector
Lot
Approximate Lot Size: 45X100, 0.1 acres, Level Lot
Parking
6 parking spaces, Blacktop
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $14,291, Tax Rate: 5.095
Unit One
1 bathroom, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Fire Alarm System, Security System, Smoke Detector
Unit Two
1 bathroom, 5 bathrooms, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit Three
1 bathroom, 4 bathrooms, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities
Electric
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Chris Cafaro
Realtor®
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Listing Information © Garden State MLS. All Rights Reserved.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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