NJ > Alloway > Paradise Lakes
Alloway, NJ 08001,40-42 SPILLWAY DR
Alloway, NJ 08001,40-42 SPILLWAY DR
Alloway, NJ 08001,40-42 SPILLWAY DR
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Michael Lentz • Keller Williams Realty - Washington Township
$320,000
Est. payment /mo
4 Beds
2 Baths
1,312 SqFt
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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

Read Less Info
Bright MLS (BMLS)
Simone Velvel

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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40-42 SPILLWAY DR

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