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150 Magnolia Lane
150 Magnolia Lane
150 Magnolia Lane
150 Magnolia Lane
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$749,900

150 Magnolia Lane

2,816 Sq.Ft. 0.5 Acres

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Description

Located on a quiet dead-end street, this unique property features 4 separate structures, ideal for investors or owner-occupants with a home-based business. Single family home is currently rented for $3,060 and features 3-beds, 1-bath, updated kitchen, attached garage, and a private fenced in yard. The rear cottage offers potential to be a Mother Daughter, or ADU (Accessory Dwelling Unit), uses are subject to municipal approval. This property also features a separate structure currently used as a kennel, and 2 detached garages rented for $500 a month that brings in additional income. The 2 Sheds offer plenty of storage for all you needs. See below for more information regarding property type and zoning. Private setting with minimal traffic and strong long-term upside. Income-producing property currently used as mixed-use, though zoned R22, a residential zone with certain permitted uses; buyer to perform due diligence.
Priced to sell an exceptional opportunity for an owner-occupant to enjoy private living while exploring additional income possibilities. Buyer to perform all due diligence regarding zoning, permitted uses, ADU approval, and future development.

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Location

150 Magnolia Lane, Middletown, NJ 07748

Status

For Sale
Viviana Mejia

Viviana Mejia

TITLE

Agent

PHONE

(848) 459-1645

EMAIL

[email protected]

CONTACT AGENT

Property Amenities

Interior
Flooring Concrete, Tile, Wood, Other
Area & Lot
Total area 2,816 Sq.Ft.
Lot Area 0.5 Acres
Living area 2,816 Sq.Ft.
MLS® ID 22601867
Year Built 2007
Type Commercial
Status For Sale
Exterior
Stories 2
Air conditioning Window Unit(s)
Water Source Public
Garage Space 3.0
Sewer Public Sewer
Parking Unpaved
Lot Features Dead End Street, Irregular Lot, Fenced/Enclosed Area
Roof Shingle
Finance
Sales Price $749,900
Real Estate Tax $10,123 yearly
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By providing your contact information to Viviana Mejia, your personal information will be processed in accordance with Viviana Mejia's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Viviana Mejia at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.
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Contact Details

VIVIANA MEJIA

[email protected]
(848) 459-1645 

830 Broad Street Shrewsbury, NJ 07702Â