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20 Prentice Avenue

South River, NJ 08882
  • $350,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 2302350R
UPDATED: 39 min ago
$350,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,613
    SQFT
  • $134
    $/SQFT
Type:
Multi-Family
Built:
1905
County:
Area:

School Ratings & Info

Description

Your opportunity to renovate this large 2 family and turn it into a cash generating machine! Don't come in thinking this one just needs some lipstick - it is going to need real work - new HWHs, HVAC system and ductwork or boilers and baseboard, roof, windows, full interior reno, and more. But when you are done you will have an asset that will be easy to upkeep and you can set on auto-pilot while you collect big rents. Proposed 1st floor apartment layout is huge LR/DR combo, 2 bedrooms, kitchen & 2 full baths. Upstairs apartment is 2 BRs, LR, Kitchen, Den or DR and 1 bath on 2nd floor plus rec area, 3rd BR, and bath in finished attic (you need to add egress window to BR per Borough of South River). 2 Car Detached Garage. Buyer will need to submit permits and plans to South River to finish conversion of 1st floor apartment back to 1 unit as someone once split it in half. Seller is obtaining the architect drawings and will provide them to buyer. Seller will consider holding short term financing for qualified buyers terms to be 20% minimum down payment, 1 point origination fee, 10% interest rate, 6 month period and 1 additional point to extend for an additional 6 months if needed. Seller is a licensed real estate broker in NJ. Property sold strictly AS IS with buyer responsible to obtain Temporary C of O / Smoke Cert. Some of the interior demo has already been started for you.

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Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2022, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2022-09-30T17:08:06.11.
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20 Prentice Avenue South River, NJ 08882

  • Price: $350,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 39 min ago
  • ID#: 2302350R
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2,613
SQFT
$134
$/SQFT
1905
Built
County:
Middlesex
Area:
South River
Property Description
Your opportunity to renovate this large 2 family and turn it into a cash generating machine! Don't come in thinking this one just needs some lipstick - it is going to need real work - new HWHs, HVAC system and ductwork or boilers and baseboard, roof, windows, full interior reno, and more. But when you are done you will have an asset that will be easy to upkeep and you can set on auto-pilot while you collect big rents. Proposed 1st floor apartment layout is huge LR/DR combo, 2 bedrooms, kitchen & 2 full baths. Upstairs apartment is 2 BRs, LR, Kitchen, Den or DR and 1 bath on 2nd floor plus rec area, 3rd BR, and bath in finished attic (you need to add egress window to BR per Borough of South River). 2 Car Detached Garage. Buyer will need to submit permits and plans to South River to finish conversion of 1st floor apartment back to 1 unit as someone once split it in half. Seller is obtaining the architect drawings and will provide them to buyer. Seller will consider holding short term financing for qualified buyers terms to be 20% minimum down payment, 1 point origination fee, 10% interest rate, 6 month period and 1 additional point to extend for an additional 6 months if needed. Seller is a licensed real estate broker in NJ. Property sold strictly AS IS with buyer responsible to obtain Temporary C of O / Smoke Cert. Some of the interior demo has already been started for you.
Exterior Features

Carport Spaces 0 Covered Spaces 2 Lot Features See Remarks Parking Features GarageDetached1-2 Car Parking Roof Asphalt

Interior Features

Appliances Water Heater(Gas) Basement Crawl SpacePartialExterior Entry Building Area Total 2613 Cooling See Remarks Heating See Remarks Interior Features Unit 1(2 BedroomsKitchenLiving Room2+ Baths)Unit 2(Dining Room3 BedroomsKitchenLiving Room2+ BathsDen/Family Room) Stories Total 2.5

Property Features

Attached Garage YN No Carport YN No Garage YN Yes Gas Natural Gas Owner Pays Unit 1 Owner Pays(See Remarks)Unit 2 Owner Pays(See Remarks) Ownership Fee Simple Property Sub Type 2 Family Sewer Public Sewer Tax Annual Amount 6761 Tax Year 2021 Utilities Electricity ConnectedNatural Gas Connected Water Source Public Zoning R-75



Central Jersey MLS logo Listing courtesy of C21 Charles Smith Agency, Inc: .
Copyright 2022, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC.. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.




Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2022, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2022-09-30T17:08:06.11.
 
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eXp Realty LLC
966 Shoppes Blvd
North Brunswick NJ, 08902