40-42 SPILLWAY DR new to site Save Request In-Person Tour Request Virtual Tour
Alloway,NJ 08001
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,312 sqft
Price per Sqft $243
Subdivision Paradise Lakes
MLS Listing ID NJSA2016852
Style Bungalow,Ranch/Rambler
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,312
Year Built 1934
Annual Tax Amount $6,137
Tax Year 2024
Lot Size 1.050 Acres
Acres 1.05
Lot Dimensions 248.00x138.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Discover the potential of 40-42 Spillway Drive - two separate homes set on a beautiful one-acre lot with mature trees and room to expand. Whether you're an investor, flipper, or buyer looking for multi-income potential, this property offers an incredible opportunity. The main house (#42) features three bedrooms, one full bath, eat-in kitchen, and a large living room anchored by a decorative brick fireplace. Freshly painted with newer flooring in key areas, it's clean and move-in ready while leaving plenty of room for value-adding improvements. The home also includes solar panels for energy savings and a full basement that could be finished for additional living. Outside, you'll find an expansive yard, private setting, and detached storage shed - perfect for tools, equipment, or future projects. Tucked beside the main home, (#40) is a cozy one bedroom bungalow offering a world of opportunity. Whether used as a rental unit, guest house, or extended-family suite, it delivers flexibility and strong income potential. Inside, the home features a comfortable living room, updated kitchen with modern cabinetry, and a full bath. The main-level bedroom provides easy convenience, while the loft area upstairs offers bonus space - perfect for a second bedroom, home office, or studio. With private entrances, separate utilities and two septic systems (shared well), and a quiet setting, this opportunity is ideal for investors looking for multi-unit income or homeowners seeking extra space for guests, hobbies, or short-term rental possibilities. Don't delay, schedule you private tour of this unique property today! Being Sold STRICTLY as-is, where is- Buyer is responsible for ANY/ALL inspections and certificates for the property. Certificate of Occupancy has been received for both homes-see Bright documents. Multi-Family - MLS# NJSA2016856
Location
State NJ
County Salem
Area Alloway Twp (21701)
Zoning RESIDENTIAL
Rooms
Other Rooms Living Room,Bedroom 2,Bedroom 3,Kitchen,Foyer,Bedroom 1,Loft,Mud Room,Office
Basement Full
Main Level Bedrooms 4
Interior
Interior Features Bathroom - Tub Shower,Built-Ins,Carpet,Ceiling Fan(s),Combination Kitchen/Dining,Entry Level Bedroom,Kitchen - Eat-In,Kitchen - Table Space,Water Treat System
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Fireplaces Number 1
Fireplaces Type Non-Functioning
Inclusions Refrigerator (1), Microwave (1), Range (2), Washer (1), Dryer (1), Window A/C
Fireplace Y
Heat Source Oil
Exterior
Exterior Feature Porch(es)
Garage Spaces 4.0
Water Access N
Accessibility None
Porch Porch(es)
Total Parking Spaces 4
Garage N
Building
Lot Description Backs to Trees
Story 1
Foundation Block
Above Ground Finished SqFt 1312
Sewer On Site Septic
Water Well
Architectural Style Bungalow,Ranch/Rambler
Level or Stories 1
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools Alloway Twp. E.S.
Middle Schools Alloway Township School
High Schools Woodstown H.S.
School District Alloway Township Public Schools
Others
Senior Community No
Tax ID 01-00066-00002
Ownership Fee Simple
SqFt Source 1312
Acceptable Financing Cash,Conventional,USDA,VA,FHA
Listing Terms Cash,Conventional,USDA,VA,FHA
Financing Cash,Conventional,USDA,VA,FHA
Special Listing Condition Standard