Fixer Upper and Starter Home Opportunity - 4-bedroom, 2 bath, single-family house zoned B1 for both residential and commercial in Stewartsville, NJ. Great street traffic. This conveniently placed 1906 property in Stewartsville sits on a lot that is practical as both a home and a business/workshop. The land features one house next to a large garage with a concrete floor. Behind the garage are 2 large sheds and 2 smaller ones. The house features 4 bedrooms, 2 baths, and a large front room that can be used as a store front. The property is zoned B1, which allows both residential and commercial business uses. Potential uses include a single-family home with office use and retail sales, including show room and storage of goods. The house is located on Route 57 which provides a lot of traffic exposure for a potential business. It is located in front of a large farm providing pastoral beauty, but it is conveniently located 10 minutes away from major shopping in Phillipsburg and Easton. It has the best of both worlds in terms of location. The area will soon be welcoming the I78 Logistics Park in Phillipsburg, NJ. The house is in the middle of being renovated and needs to be completed. This is a perfect starter home for the handy person who requires potential rental income from their space. One of the sheds is a 36 ft frame garage structure with barn doors that was used as a workshop and storage unit by a contractor. This shed has an electric panel and heating furnace. Accessory structures on the site were installed with permits by the municipality. Scope of work that was completed: The outside of the main building and all accessory buildings were painted, roofs were replaced or repaired as needed, electric was upgraded, renovation on 2 bathrooms has begun (sheet rocked) and fixtures available, but still needs to be taped and painted. 2 upstairs bedrooms have been cleaned out, sheet rocked and taped (taping not complete). Detailed sealed surveys completed and available to new buyer. Drainage and water remediation begun but needs to be finished. Furnace is in working condition and was recently serviced. Cesspool was serviced Aug 2016. Work that stills needs to be done: Sheetrocking and painting downstairs, floors, windows, finish bathrooms including plumbing hookup. The basement needs water remediation, some of which was done. The house is NOT in a flood zone and does not require flood insurance. There are lots of building supplies including insulation and a full set of kitchen cabinets complete with sink and countertops, which will go with the sale of the house. Since the house is not finished, seller is willing to hold the mortgage for up to 1 year which allows buyer time to finish the house and obtain bank financing. Financial qualifications and credit history will be thoroughly checked out by the seller. Buyer purchases the house AS IS and is in full ownership of the house assuming all responsibility to the seller for carrying the mortgage, paying taxes, repairs, utilities and completing renovations. Buyer must demonstrate that renovations are being completed in a timely manner so that bank financing can be obtained after the one year, and that taxes are being paid. Or even better, pay cash. Other info: Taxes in 2018 were $3990. The lot size is .4 acre (slightly less than half acre). The garage/barn doors open side to side, they are not overhead doors.
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