Unlock the Potential of this Rustic Cape on 4.48 Acres in Desirable Manalapan
Unlock the Potential of this Rustic Cape on 4.48 Acres in Desirable Manalapan! If you’re an astute buyer or investor looking for a property with incredible potential, this rustic Cape Cod-style home in the highly sought-after north end of Manalapan is an opportunity you won’t want to miss. Situated on 4.48 acres of land, this property offers a solid foundation for renovation, expansion, or even redevelopment, all at an unbeatable price in a prime location.
Key Features:
Spacious Home with Untapped Potential: The main house offers 2,197 square feet of living space, providing a surprisingly spacious layout for its price point. Although the bedrooms are small and the home is in need of some TLC and updating, the large kitchen and expansive living areas offer ample room to reimagine and renovate according to your needs and style.
Three Plus Bedrooms: The main house features 3+ bedrooms (including a bonus room upstairs that could easily function as a 5th bedroom, though it lacks a closet), providing flexibility for family living or as a potential rental. The additional bedroom and bathroom space create a solid foundation for a larger home or rental unit after updating.
Separate 1-Bedroom/1-Bathroom M/D Apartment: In addition to the main house, the property includes a separate, self-contained 1-bedroom, 1-bathroom Mother/Daughter apartment with its own entrance. This space offers incredible rental income potential or can be used for multigenerational living, guest accommodations, or even a home office.
Large Kitchen: The main home features a generously sized kitchen, ideal for renovation and modernizing. With some updates, it can become the heart of the home, perfect for family gatherings or entertaining.
Public Water and Sewer: The property is connected to public water and sewer, ensuring convenience and reducing the cost of maintaining well and septic systems.
Natural Gas Heating: The home is heated by natural gas, offering efficiency and lower heating costs compared to oil or electric heat. This is a major bonus when it comes to long-term affordability and sustainability.
Surrounded by Expensive Homes: Located in a highly desirable area of Manalapan, the property is surrounded by much more expensive homes, which adds to its long-term value potential. The location is perfect for those looking for a more affordable option in an upscale neighborhood.
Great Outdoor Space: The 4.48-acre lot offers plenty of space for outdoor activities, expansion, or even possible subdivision (subject to buyer’s due diligence). The property is located close to the road and features a stream, adding to the natural beauty and charm of the land.
Zoned R20 Residential: Zoned R20, the property is situated in a residential area with many potential uses. This includes the possibility of subdividing (subject to approval), creating additional rental units, or even developing a new home or accessory dwelling. The buyer is responsible for conducting their own due diligence on any potential subdivision or redevelopment, including checking the non-AE zone area (shown in the photo) for any potential building restrictions.
Proximity to Parks and Schools: The location couldn’t be better. The property is adjacent to Balmar Wood Park, featuring tennis courts and a playground, and across from Holiday Park and Lake, providing ample recreational options. Plus, the property falls within the highly regarded Manalapan school district, adding to its appeal for families.
Convenient to Major Roads and Amenities: Located just minutes from major routes, shopping, dining, and more, this home offers the perfect balance of privacy and convenience.
Endless Opportunities: Whether you are an investor looking for a property with substantial rental income potential, a homeowner ready to update and create your dream home, or someone with a vision for developing the land, this property offers endless opportunities.
Don’t miss this chance to own a piece of Manalapan with so much potential! The price is right, the location is unbeatable, and the opportunities are plentiful. Schedule your showing today and start imagining all the ways you can make this home yours! Sold as-is; CO responsibility of the buyer.
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From Zillow
