BACK ON THE MARKET and New Price Adjustment! Come and see this while it lasts!
This spacious ranch-style home can be used for several uses: a starter home or, as it is currently being used, an investment property with leases with Rowan University student renters. With two ample bedrooms and a full bath on the main level, and three additional bedrooms and another full bath downstairs, this home can hold 5 students comfortably. There is also large living room leading to a well appointed kitchen to accommodate student lounging and meals. In the lower level is a lounge area with a refrigerator and pantry as a well as full-sized washer and dryer, creating comfortable space for the residents. As a starter home, there is plenty of room in the two floors for living and storage possibilities. The home also boasts a large detached garage (currently leased for storage, but can be emptied if desired before settlement) with additional parking spaces in front. The current rent for student housing at this time is $3125/month with the garage lease at $250/month. Current lease expires in May 2025.
Conveniently located close to major highways with a one hour drive to the Jersey beaches and a half hour drive to Philadelphia. This home is being sold "as-is". NOTE: The owner is providing new doors where needed, fixing any damage to the drywall, will have the interior of the home painted, and will have new carpeting installed in the bedroom. It will be move-in ready for your tenants.