Property Description

Three income-producing single-family homes on 7.96 acres along tidal Mantua Creek in the Mount Royal section of East Greenwich Township, offered together as one investment package: 20 Berkley Rd (2 bed/1 bath on 3.04 acres), 24 Berkley Rd (1 bed/1 bath on 4.51 acres) and 30 Berkley Rd (2 bed/1 bath on 0.41 acre with a detached two-car garage per county record). Every home is rented at $1,200 per month on a month-to-month basis to long-term tenants: $3,600 per month, $43,200 per year in place. 20 and 24 Berkley are the waterfront lots, with wooded acreage running back to the creek and approximately 373 feet of creek frontage across the tract per prior MLS records (verify by survey); 30 Berkley fronts Berkley Road and is outside the flood zone (FEMA Zone X). One deed, three separate tax lots: Block 1801, Lots 37.01, 37.04 and 33. Natural-gas boiler heat throughout; public water and sewer are in the street, with each home currently on its own well and septic. Zoned RRC (Rural Residential Cluster). Portions of 20 and 24 are in the FEMA AE flood zone, and any future development or subdivision is subject to township and NJDEP approval; buyer to perform own due diligence. Each home is also offered individually at $250,000 (20 Berkley), $250,000 (24 Berkley) and $199,777 (30 Berkley). Income-producing properties sold strictly as-is, where-is, as an investment with all tenants in place. Please do not approach the property or disturb the tenants; drive-by only until an appointment is confirmed. No one may enter the property without the listing agent present, and all appointments must be confirmed in advance.

Property Features

Local Schools