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Incredible opportunity to own a rare New Providence legal 2 Family or convert into a single family home. Either live in one unit and rent the other for incredible income potential. Unit 1 offers 2 beds & 1 bath. Unit 2 offers 1 bed and 1 bath. With some creativity you can add an additional bedroom to each apartment by maximizing the current floor plan and value. Reduce the size of the living room and kitchen to accommodate another bedroom within unit 1. Unit 2 can be modified to incorporate an open plan concept living room and kitchen with a breakfast bar and incorporate the second room facing the front of the property. The home needs repairs and once renovated will be valued in the region of $600-675K as a multifamily. This is a great opportunity to convert! Architect plans are available to change the usage of this home with appropriate approvals and permits into a beautiful single family property w/ 4 bedrooms & 3 full baths with appropriate city approvals and permits. The estimated value for a fully renovated single family will be in the region of $700-800K. The basement offers endless options to either connect to the first floor as a duplex or as a recreation area & storage for both units. Close to all modes of public transportation and major roadways for an easy commute to NYC. The seller will only accept offers from direct end buyers. Home sold as-is condition, Buyer responsible for all inspections. municipals certs, CO & conducting their own due diligence.
|2 months ago||Listing updated with changes from the MLS|
|2 months ago||Listing first seen online|
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