Investor Opportunity – Approved Expansion | $1.95M ARV AVAILABLE NOW |
411 1/2 Newark Avenue, Bradley Beach, NJ Rare opportunity to acquire a rehab with approved plans and renderings in Bradley Beach (just 3.5 blocks from the beach). This project is NOT a teardown and features an approved rear expansion designed to increase living space while preserving the existing structure. Zoning approvals are in place, with building permits expected within approximately two weeks, eliminating the long wait typically associated with approvals and making this a burden-free opportunity for the next investor. The planned layout includes 3 bedrooms, 2 full bathrooms, 1 powder room, and 1 office. Current living area is approximately 1,368 sq ft, with approved plans expanding the total space to approximately 2,110 sq ft, including a full basement. The proposed design features an open floor plan highlighted by a 72” linear fireplace, a high-end kitchen with pantry, spa-inspired bathrooms, curated tile and stone finishes, premium flooring, and a finished basement option. Outdoor plans include patios, a grilling area, and a pool bar, ideal for modern coastal living. Contractors are on standby, including foundation, framing, plumbing, electrical, and HVAC, allowing construction to begin promptly upon closing. Approved plans support an estimated after-repair value (ARV) of approximately $1,950,000. Property is sold STRICTLY AS-IS, including all plans, approvals, and design materials. Seller is responsible for securing all final permits and paying all applicable municipal fees. Buyer is responsible for completing construction execution in accordance with the approved plans. Upon completion, this home is positioned to be one of the most desirable residences in the neighborhood.
