Description

Investor opportunity!!! pictures coming soon!

about the town: come see this duplex in the highly sought after historic town of allentown, nj. very easy to get to the highways as you are within 3 minutes of 195 and right off of exits 7 and 8. only 1 hour from nyc and 45 min from philadelphia. this beautiful small town is filled with lush farmland and rural surroundings. within walking 5 minutes there is a multitude of small family businesses; such as a couple cafes, an ice cream parlor, yoga studio, and even including a vegan friendly cafe. when you come to see this circa 1830 home, you will fall in love with the town as well. house is located within 10 minutes of the hamilton market place and within walking distance (0.8 miles) of the elementary/high school. the school district itself is very highly regarded with a strong history of academics and athletics. this town is the perfect place for someone who wants to start a family or just enjoy the small town atmosphere. throughout the town there are soccer fields, basketball courts, parks, lakes, and plenty of outdoor activities. there are even parades, fairs, and historic car shows on multiple different occasions throughout the year; that gets the whole town out and about, including a war reenactment in the park....located directly behind this property. that is right, you can stand in your backyard and see the beautifully preserved heritage park that includes a walking path and some body weight exercise equipment.

now, the even more important part: about the house. aside from what you are getting with the town, this duplex is every investor's dream. one unit, #50 is about 95% move in ready and the other side, #48 is essentially a blank canvas to fix up however you would want. you can live on the one side while you finish the other or rent it out in the meantime. #48 has been gutted, sheet-rocked, and taped, just never fixed up. #48 definitely needs work; would need finished flooring, windows, and some walls need repair (kitchen). needs to be finished completely. it needs a new kitchen and appliances but this is where your dreams can come to life. there are a lot of objects in #48 but will be cleaned out with the sale. unfinished unit (#48) is slightly bigger as it is 936 sf while #50 is 744 sf. #48 was fixed up to have 2 bathrooms, one not set up for a shower. both units have separate basements and are on separate electrical meters but do have shared water. jacuzzi tub on side #48. small leak under kitchen sink on #50 but water is off. stove in #50 has a broken top contractor. the roof was redone in 2017. alm electric and plumbing done in 2019. needs exterior tlc. when maintained the yard behind is very fertile for growing vegetation of any sort. seller requests that you are very careful when navigating the house in precaution of extra steep steps and items on floor.

room measurements side #50:
living room: 13 x 11
kitchen: 13.5 x 10
bedroom 1: 11.5 x 9
bedroom 2: 9 x 7.5
**please note all measurements are a rough measurement and not exact. also remember that almost every room in #50 has a larger counterpart in unit #48.**

the town has a good mix of renters and owners, mostly consisting of small families to enhance the homey feeling you get from being resident there. with the current rates within the town, the opportunity is there for you to get between $3,800 and $4,200 a month between the two units. work to be done, but worth the investment! house can be a diy/handyman goldmine with the right amount of allotted work and time. no need to wait, come give this two story duplex a look before it is too late.

• Property Type

  Multi-Family

• County

  MONMOUTH

• Style

  Traditional

• AD ID

  48435833