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Buy a multi-family propertyat 20 Prentice Avenue, South River, NJ 08882

$350,000

$0/mo

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Multifamily

2,613 Sq. Ft.

4,522 Sq. Ft. lot

588 Days on market

2302350R MLS ID

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About 20 Prentice Avenue multi-family property

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.
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.

Property details

Appliances and Equipment

Appliances: "Water Heater(Gas)"

Basement

Basement: "Crawl Space", "Partial", "Exterior Entry"

House

Building Area Total: 2613

Living Area: 2613

Living Area Units: Square Feet

Stories: 2.5

Stories Total: 2.5

Year Built: 1905

Location

City: South River

County Or Parish: Middlesex

Latitude: 40.4435285

Longitude: -74.3703166

Postal Code: 08882

Postal Code Plus 4: 2256

State Or Province: NJ

Street Name: Prentice

Street Number: 20

Street Number Numeric: 20

Street Suffix: Avenue

Unparsed Address: 20 Prentice Avenue, South River NJ 08882

Cooling

Cooling: "See Remarks"

Garage

Covered Spaces: 2

Garage Spaces: 2

Garage YN: t

Utilities

Gas: "Natural Gas"

Utilities: "Electricity Connected", "Natural Gas Connected"

Heating

Heating: "See Remarks"

Interior Features

Interior Features: "Unit 1(2 Bedrooms, Kitchen, Living Room, 2+ Baths)", "Unit 2(Dining Room, 3 Bedrooms, Kitchen, Living Room, 2+ Baths, Den/Family Room)"

Listing

Listing Id: 2302350R

List Price: 350000

Mls Status: Active - Atty Revu

Number Of Separate Electric Meters: 2

Number Of Separate Gas Meters: 3

Number Of Separate Water Meters: 1

Standard Status: Active

Lot

Lot Features: "See Remarks"

Lot Size Acres: 0.1038

Lot Size Area: 0.1038

Lot Size Dimensions: 113.00 x 40.00

Lot Size Square Feet: 4522

Property

Parcel Number: 2300290000000002

Property Sub Type: 2 Family

Property Type: Residential Income

Parking

Parking Features: "Garage", "Detached", "1-2 Car Parking"

Roof

Roof: "Asphalt"

Sewer

Sewer: "Public Sewer"

Taxes

Tax Annual Amount: 6761

Tax Year: 2021

Water

Water Source: "Public"

Monthly cost

Estimated monthly cost

$2,735/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Aug 28, 1998

Price

$132,000

DatePrice
Aug 28, 1998$132,000

Schools

This home is within the South River School District.

South River & Spotswood & Parlin enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$329,000

+$10,500

$339,500

Seller agent commission$10,500 (3%)*

$0 (0%)

Buyer agent commission$10,500 (3%)*

$10,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $10,500 more selling your home
with a Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:32 p.m.

Data updated: Jan 30, 2023 at 2:06 p.m.

Courtesy of , C21 CHARLES SMITH AGENCY, INC.
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. 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.
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