Medford NJ Multi Family for Sale

ADDITIONAL INFORMATION

Investor Alert! This is your opportunity to add this turn-key property to your Investment Portfolio! Located in Medford Twp on 1.14 acres, just off Rte70/SkeetsRd. This well maintained Victorian home boasts endless income possibilities. This 4/5 unit multi-family property is fully occupied with tenants who have rented for several years and would like to continue their leases. All Units have separate entrances. The 1st floor was previously used as a complete 2200 sqft Owners suite. It is currently being used as Unit 1A and Unit 1B... each having a living room, 1 bedroom, 1bathroom and share the kitchen area. The 2 floor has 2 Units, each with a living room, bedroom, eat-in kitchen and full bath. Coin operated washer and dryer located on this level. The 3rd floor unit features a large 1 bedroom suite with living room, bedroom, kitchen, bath with a shower, soaking tub and 2 vanities. All of the units have separate electric. The 3rd floor is heated and cooled by an efficient heat pump. The 1st floor and 2nd floors are heated by a boiler. The first floor has central air. Some tenants use window units. The exterior grounds are professionally landscaped and regularly maintained. Beautiful seasonal plantings and small gardens are beautifully cared for by a long term tenant. The oversized detached carriage house/ 1car-garage features a spacious loft, with room to expand for addition possible income. It is currently being used as a work shop and storage by the tenants. The long crushed stone driveway can accommodate 10+ vehicles and the spacious back yard can add opportunities for boats, trucks, trailers storage. A major remodel occurred in the late 90's which included updating the heating, electric, plumbing, walls, ceilings, and woodwork... preserving the original staircase, oak panels, balusters and stain glass windows maintaining that Old World Victorian charm. All windows were replaced with insulated windows. The exterior improvements included vinyl siding, vinyl railing, durable mahogany decking used for the wrap around porch and rear porch, lattice and columns. A New Septic System was installed 5/19, serviced and cleaned out 4/24. A New Well head/pump replaced 12/23 . Full unfinished basement houses systems. All inspections are up to date. The 5 yr State NJ Inspection has recently been completed. Please contact the township for any and all Use Variances, changes and guidelines. This is an easy investment property in a quiet country setting just minutes from Rte 70 Rte 206, Main Street Medford. No sign on property. Please do not enter the driveway or tour the grounds without an appointment.