$599,500
Accepting Backup Offers

20 High St Unit 2

New Providence, NJ 07974
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Attention investors and homeowners. This unique property at 20 High St, New Providence presents a rare opportunity in a sought-after location. Currently, the property has been demolished and re-zoned for single-family residential use, offering multiple possibilities for development. Proposed plans include a spacious three-bedroom, two-and-a-half-bath home with an office, open floor plan, ample parking, and a detached garage, perfect for modern living. Additional recreation space can be added by connecting the basement to the first floor. Floor plans are available in the documents section for review but have not yet been approved by the city. This property offers several investment paths. The existing structure can be renovated and expanded based on current designs, with estimated renovation bids ranging from $160,000 to $200,000. Alternatively, the structure can be demolished to build a brand-new single-family home, duplex, or multi-family residence, potentially creating a property valued at over $1 million. located just steps from shopping, dining, entertainment, and NYC train access, this prime location ensures strong future value and desirability. Sold as-is. The buyer is responsible for all municipal approvals, code compliance, violations (if any), and certifications, including the certificate of occupancy.

  • Property Details
      • Basement DescriptionFull, Unfinished
      • Sewer InformationPublic Available
      • Exterior MaterialsAluminum Siding
      • ParkingDetached Garage
      • RoofAsphalt Shingle
      • Utility FeaturesAll Underground
      • Property TypeMulti-Family
      • WaterPublic Water
      • Heating SourceGas-Natural
      • Parking Features2 Car Width
      • Exterior FeaturesWood Fence
      • Elementary SchoolA. Roberts
      • Middle SchoolNew ProvMS
      • High SchoolNew ProvHS
      • HeatingNo Heat
      • MLS #3949243
      • MLS #3949243
      • Cost599500
      • Year Built1950
      • BasementYes
      • Water HeaterGas
      • Property SubtypeMUL
      • Bedrooms3
      • Parking Spaces2
      • Structure Type2

Location

Julio GallardoReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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