ALL OFFERS MUST BE IN BY WEDNESDAY 4/2/25 @ 10 AM. AS-IS FINAL AND BEST.
Amazing Value! Two Homes on One Oversized, Income producing Half Acre parcel.
Nestled in the heart of Fair Haven, this extraordinary property offers a rare opportunity for investors, builders, and homebuyers seeking versatility and value. Situated on approximately half an acre (50' x 437'), this oversized lot is a hidden gem in one of Fair Haven's most sought-after neighborhoods.
What makes this property truly special is its unique dual-home setting. The primary residence, built in the early 1900s, features four bedrooms and two full bathrooms and a detached garage. Interior features include, high ceilings, a stone fireplace, wood flooring and vintage charm, the home has been updated over the years however, offers an incredible opportunity for renovation or reimagining. At the rear of the property sits a charming one-bedroom cottage, complete with its own fireplace, living area, and bathroom. This versatile space could serve as a guest house, home office, art studio, in-law suite, or continue as a rental unit.
Currently, both homes are rented, generating a total gross annual income of $75,340. This makes the property an attractive option for homebuyers looking to offset costs with rental income, investors seeking a strong return in a high-demand rental area, or builders envisioning new construction on this rare oversized lot. Unlike standard single-family properties, the additional dwelling adds significant value, providing income potential and flexibility that is hard to find in Fair Haven.
This property offers a blend of history, charm, and incredible opportunity. While the homes and property are being sold in as-is condition, the possibilities are endlessrestore the main house, maximize rental income, or build something entirely new in this prime location.
Fair Haven a desirable town , situated along side of the Navesink River, offers Blue Ribbon schools, close proximity to parks, beaches and shopping and easy commute to NYC via train, and ferry.
Don't miss this chance to own a truly unique property in one of New Jersey's most desirable communities.
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