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$ 829,999
Est. payment /mo
Pending
132 Fair Haven Road Fair Haven, NJ 07704
0.51 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Pending
Purchase Type For Sale
Municipality Fair Haven (FAI)
MLS Listing ID 22508447
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Annual Tax Amount $13,715
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 50 x 443
Property Sub-Type Residential Land
Adult Community No
Property Description
ALL OFFERS MUST BE IN BY 4/2/25. FINAL AND BEST. AS -IS
Prime Investment Opportunity in the Heart of Fair Haven
This exceptional half-acre parcel (50' x 443') presents a rare opportunity for savvy investors or developers. Ideally located within walking distance of top-rated schools, popular restaurants, parks, and scenic hiking trails, this property offers a combination of immediate income potential and long-term value.
Property Highlights:
• Two Income-Producing Homes: Both residences were built in the early 1900s and, while requiring significant renovation, generate impressive rental income.
• Main Home: 4 bedrooms, 2 full baths, generating $3,795 per month.
• ('cont) Cottage: 1 bedroom, 1 bath, generating $2,495 per month. " Strong Income Potential: Annual rental income exceeds the purchase price, making this an attractive investment with immediate returns.
Development Potential:
" Zoned for single-family use, the property offers the possibility of new construction, adding substantial value to the parcel.
Additional Details:
" Homes are being sold as-is, providing the perfect canvas for an investor to renovate, rebuild, or capitalize on the existing income stream.
Separate meters for electric, gas and sewer. One meter for water.
Sold in AS IS Condition.
Don't miss out on this unique opportunity to secure a high-value asset in a desirable location. This property won't last.
Prime Investment Opportunity in the Heart of Fair Haven
This exceptional half-acre parcel (50' x 443') presents a rare opportunity for savvy investors or developers. Ideally located within walking distance of top-rated schools, popular restaurants, parks, and scenic hiking trails, this property offers a combination of immediate income potential and long-term value.
Property Highlights:
• Two Income-Producing Homes: Both residences were built in the early 1900s and, while requiring significant renovation, generate impressive rental income.
• Main Home: 4 bedrooms, 2 full baths, generating $3,795 per month.
• ('cont) Cottage: 1 bedroom, 1 bath, generating $2,495 per month. " Strong Income Potential: Annual rental income exceeds the purchase price, making this an attractive investment with immediate returns.
Development Potential:
" Zoned for single-family use, the property offers the possibility of new construction, adding substantial value to the parcel.
Additional Details:
" Homes are being sold as-is, providing the perfect canvas for an investor to renovate, rebuild, or capitalize on the existing income stream.
Separate meters for electric, gas and sewer. One meter for water.
Sold in AS IS Condition.
Don't miss out on this unique opportunity to secure a high-value asset in a desirable location. This property won't last.
Location
State NJ
County Monmouth
Area None
Direction River Road to 132 Fair Haven Road
Exterior
Private Pool No
Building
Lot Description Level
Schools
Elementary Schools Viola L. Sickles
Middle Schools Knollwood
High Schools Rumson-Fair Haven
Others
Senior Community No
Tax ID 14-00028-0000-00029
Listed by Heritage House Sotheby's International Realty