$320,000

FOR SALE

40-42 Spillway Dr

Alloway, Nj, 08001

MLS #NJSA2016852

Subdivision: Paradise Lakes

Building: -

4 Beds

2/- Baths

1312 sqft

$ 243.90 /sqft

Property Details

Discover the potential of 40-42 Spillway Drive - two separate homes set on a beautiful one-acre lot with mature trees and room to expand. Whether youx2019;re an investor, flipper, or buyer looking for multi-income potential, this property offers an incredible opportunity. The main house (#42) features three bedrooms, one full bath, eat-in kitchen, and a large living room anchored by a decorative brick fireplace. Freshly painted with newer flooring in key areas, itx2019;s clean and move-in ready while leaving plenty of room for value-adding improvements. The home also includes solar panels for energy savings and a full basement that could be finished for additional living. Outside, youx2019;ll find an expansive yard, private setting, and detached storage shed - perfect for tools, equipment, or future projects. Tucked beside the main home, (#40) is a cozy one bedroom bungalow offering a world of opportunity. Whether used as a rental unit, guest house, or extended-family suite, it delivers flexibility and strong income potential. Inside, the home features a comfortable living room, updated kitchen with modern cabinetry, and a full bath. The main-level bedroom provides easy convenience, while the loft area upstairs offers bonus space - perfect for a second bedroom, home office, or studio. With private entrances, separate utilities and two septic systems (shared well), and a quiet setting, this opportunity is ideal for investors looking for multi-unit income or homeowners seeking extra space for guests, hobbies, or short-term rental possibilities. Donx2019;t delay, schedule you private tour of this unique property today! Being Sold STRICTLY as-is, where is- Buyer is responsible for ANY/ALL inspections and certificates for the property. Certificate of Occupancy has been received for both homes-see Bright documents. Multi-Family - MLS# NJSA2016856

Property Features

-

Property Type
Single Family
HOA Fee/Monthly
-
HOPA
-
Membership Fees
-
Appliances
-
Restrictions
-
Furnished
-
Flooring
-
No. of Floor
-
Terms Considered
-
Year Built
1934
Cooling
Window Unit(s)
Pets Allowed
-
Amenities
-
Interior
Bathroom - Tub Shower,Built-Ins,Carpet,Ceiling Fan(s),Combination Kitchen/Dining,Entry Level Bedroom,Kitchen - Eat-In,Kitchen - Table Space,Water Treat System
Maintenance Fee Includes
-
Governing Bodies
-
Construction
-
Security
-
Heating
Baseboard - Hot Water
Garage/Carport
-
Dining Area
-
Exterior
-
Pet Restrictions
No
Parking
-
Application Fee
-
Water Access
-
Pool
Yes
Gated Community
-
Status
A
Listing Office
Keller Williams Realty - Washington Township

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Listing Courtesy of: Keller Williams Realty - Washington Township