1533 ROUTE 206

TABERNACLE TWP, NJ08088

AMAZING OPPORTUNITY IN TABERNACLE! NEARLY TWO ACRES! Cashflowing top-and-bottom duplex with a BIG BONUS oversized detached garage that could potentially be converted to a third residential unit or commercial unit (please verify with township). Some nearby properties have built permitted 2nd homes behind the original buildings. Upstairs 1 bed 1 bath currently vacant and previously rented for $1475/mo. Downstairs 2 bed 1 bath is currently occupied with long-term tenants at $1950/mo (month-to-month). The garage/storage is currently rented for $100/mo (month to month). Tenants are only utilizing half the garage and have peacefully shared with other tenants before. Both sides of the garage could be rented for $225 each as-is, or converted to a different use for higher income. THATS $3875 TOTAL IN MONTHLY INCOME! This entire property has been completely renovated inside and out in 2023. Brand new roof, new water heater, new cabinets and countertops, new appliances including washers and dryers in both units, new life-proof flooring, refinished hardwood floors, and fresh paint throughout. The garage also has a brand new roof, new siding, 2 new motorized garage doors, new exterior entrance door, and new electrical panel. Many old trees have been taken down and a BRAND NEW SEPTIC SYSTEM will be installed before closing. The two residential units could be easily converted back into a 3-or-4-bed 2-bath single family home! This is an opportunity that doesn't happen often in this area!

Listing courtesy of Keller Williams Realty Preferred Properties



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