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150 Magnolia Lane, Middletown, NJ, 07748

$749,000

0

Beds

Bathrooms

2,816

Building Sqft

0.50

Acres

21,841

Lot Sqft

About 150 Magnolia Lane

Located on a quiet dead-end street, this unique property features 4 separate structures, ideal for investors or owner-occupants with a residence-based business. Single family residence is currently rented for $3,060 and features 3-beds, 1-bath, updated kitchen, attached garage, and a private fenced in yard. The rear cottage offers potential to be an ADU (Accessory Dwelling Unit), uses are subject to municipal approval. This property also features a separate structure previously used as a kennel, and 2 detached garages rented for $500 a month that brings in additional income. There are also 2 Sheds that offer plenty of storage for all your needs. See below for more information regarding property type and zoning. Private setting with minimal traffic and strong long-term upside. Income-producing property currently used as mixed-use, though zoned R22, a residential zone with certain permitted uses; buyer to perform due diligence. Priced to sell, an exceptional opportunity for an owner-occupant to enjoy private living while exploring additional income possibilities. Buyer to perform all due diligence regarding zoning, permitted uses, ADU approval, and future development.

Features of 150 Magnolia Lane

MLS® #
2661139M
Acres
0.50
Type
Commercial Sale
Price
$749,000
Square Footage
2,816
Year Built
2007
Sub-Type
Commercial

Exterior

Lot Description
[\"Dead - End Street\",\"Residential Area\"]

Community Information

Address
150 Magnolia Lane
City
Middletown
County
Monmouth
State
NJ
Zip Code
07748

Listing Information

Agent Name
LILLY SHAMAM
Agent Office
KELLER WILLIAMS EAST MONMOUTH

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(718) 987-7900