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20 High St

New Providence Boro, NJ 07974
  • $519,995
  • STATUS: Active Under Contract
  • ON SITE: 36 Days
  • MLS #: 3803400
Under Contract
UPDATED: 82 min ago
$519,995
  • 3
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Incredible opportunity to own a rare New Providence legal 2 Family or convert into a single family home. Either live in one unit and rent the other for incredible income potential. Unit 1 offers 2 beds & 1 bath. Unit 2 offers 1 bed and 1 bath. With some creativity you can add an additional bedroom to each apartment by maximizing the current floor plan and value. Reduce the size of the living room and kitchen to accommodate another bedroom within unit 1. Unit 2 can be modified to incorporate an open plan concept living room and kitchen with a breakfast bar and incorporate the second room facing the front of the property. The home needs repairs and once renovated will be valued in the region of $600-675K as a multifamily. This is a great opportunity to convert! Architect plans are available to change the usage of this home with appropriate approvals and permits into a beautiful single family property w/ 4 bedrooms & 3 full baths with appropriate city approvals and permits. The estimated value for a fully renovated single family will be in the region of $700-800K. The basement offers endless options to either connect to the first floor as a duplex or as a recreation area & storage for both units. Close to all modes of public transportation and major roadways for an easy commute to NYC. The seller will only accept offers from direct end buyers. Home sold as-is condition, Buyer responsible for all inspections. municipals certs, CO & conducting their own due diligence.

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-09-28T20:46:48.667.
www.latestnjlistings.com/homes/132351915
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20 High St New Providence Boro, NJ 07974

  • Price: $519,995
  • Status: Active Under Contract
  • On Site: 36 Days
  • Updated: 82 min ago
  • MLS #: 3803400
3
Beds
2
Baths
0
½ Baths
0.18
Acres
1950
Built
County:
Union
Area:
New Providence Boro
Property Description
Incredible opportunity to own a rare New Providence legal 2 Family or convert into a single family home. Either live in one unit and rent the other for incredible income potential. Unit 1 offers 2 beds & 1 bath. Unit 2 offers 1 bed and 1 bath. With some creativity you can add an additional bedroom to each apartment by maximizing the current floor plan and value. Reduce the size of the living room and kitchen to accommodate another bedroom within unit 1. Unit 2 can be modified to incorporate an open plan concept living room and kitchen with a breakfast bar and incorporate the second room facing the front of the property. The home needs repairs and once renovated will be valued in the region of $600-675K as a multifamily. This is a great opportunity to convert! Architect plans are available to change the usage of this home with appropriate approvals and permits into a beautiful single family property w/ 4 bedrooms & 3 full baths with appropriate city approvals and permits. The estimated value for a fully renovated single family will be in the region of $700-800K. The basement offers endless options to either connect to the first floor as a duplex or as a recreation area & storage for both units. Close to all modes of public transportation and major roadways for an easy commute to NYC. The seller will only accept offers from direct end buyers. Home sold as-is condition, Buyer responsible for all inspections. municipals certs, CO & conducting their own due diligence.
Exterior Features

Approximate Lot Size .184 AC Color Of Building Red Exterior Description Aluminum Siding Exterior Features Wood Fence Garage Description Detached Garage Lot Description Level Lot Number Of Parking Spaces 2 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling 1 UnitSee Remarks Heating No HeatSee Remarks Total Number Of Rooms 8 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsFamily RoomKitchenLiving RoomSee Remarks Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving RoomSee Remarks Unit2 Rooms 3 Unit2 Sq Ft 0

Property Features

Assessment Total 246600 Building Assessment 136600 Easement Unknown Exclusions None Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Home Warranty No Land Assessment 110000 Net Operating Income 0 Sewer Public Sewer Tax Amount 12083 Tax Rate Amount 4.902 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities All Underground Water Public Water Water Heater Gas Year Built Description Approximate Zoning R2

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : [IDXCONTACTINFORMATION].


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-09-28T20:46:48.667.
 
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