$732,000
Closed

25 Park Avenue

ENGLISHTOWN, NJ 07726
7 beds | 4.5 baths | 0.25 acres | #22318339
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Introducing a fantastic investment opportunity! This stunning 2-family property boasts an array of features and upgrades, making it an ideal choice for investors or those seeking a spacious multi-family home. Located in a desirable area, this property offers convenience, comfort, and modern amenities. Let's explore the details:
The property comprises two separate units, each with its own private entrance, ensuring privacy and flexibility. The first floor encompasses a spacious 3-bedroom, 2-bathroom layout, with a well-appointed family room and dining area. The unit features vinyl flooring throughout, providing a modern touch. The master bedroom includes a private walk-in closet and an en-suite bathroom, while the second-largest bedroom also boasts a convenient walk-in closet. A guest bathroom serves the additional bedrooms and common areas. On the second floor, you'll find a larger 4-bedroom, 2.5-bathroom unit, spanning approximately 1,150 square feet. This unit mirrors the layout of the first floor, offering a family room, dining area, and similar bedroom configurations. However, it also showcases a unique additionan office-type denan excellent space for remote work or studying. The second-floor unit's highlight is the beautifully built patio, complete with an above-ground pool, perfect for relaxing and entertaining. The property underwent a complete transformation in 2018 when the previous house was knocked down and this stunning new construction took its place. Numerous updates have been made, ensuring the property is in top-notch condition. The roof, windows, electrical, plumbing, and insulation have all been recently upgraded, providing peace of mind for years to come.
Each unit has separate washer and dryer facilities, allowing for convenience and independence. Furthermore, both units feature individual central air conditioning and forced hot air systems, guaranteeing personalized comfort for residents. Gas ranges are available in each unit, catering to those who love to cook. The property also boasts ample parking with six parking spots, ensuring hassle-free parking for residents and guests. The first-floor unit has its own private patio, while the second-floor unit enjoys the above-ground pool on its dedicated patio. Currently, the second-floor unit is occupied by a reliable long-term tenant who has resided here for four years, renewing their lease annually. They pay $2,500 per month, offering an immediate income stream. The lease is in place until October, providing a seamless transition for the new owner. The first-floor unit has just been renovated, making it move-in ready for tenants or investors. Rental potential for the first floor is $3,000 per month, with the possibility of achieving $3,500 per month. In summary, this exceptional 2-family property combines modern upgrades, separate entrances, individual amenities, and a desirable location. With a vacant and renovated first-floor unit ready to rent, and a long-term tenant in the second-floor unit, this property presents a lucrative investment opportunity. Don't miss out on the chance to own this remarkable propertyschedule a showing today!

    Location

    Provident LegacyReal Estate Group