$895,000
21 Belmont AVE Madison Borough, NJ 07940
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Listed by Jan Kwapniewski • Coccia Realty Better Homes & Gardens • (201) 424-7755
$895,000
Est. payment /mo
Under Contract
21 Belmont AVE Madison Borough, NJ 07940
UPDATED:
10/08/2024 01:12 PM
Key Details
Property Type Vacant Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24028978
Annual Tax Amount $10,778
Property Description
Downtown Madison! Conveniently located in "center of town" this 75' x 250' lot just under a half-acre located in a 2 family zone currently has a 3 room, 1 bedroom cottage with 2 car deep detached garage. Value is in the land. Property was preliminarily 'approved' to remove existing structures and build 3 story approx 5,000 sq ft 2 family duplex with basement. Each side with 3 bedrooms, 2 full and 2 half baths, finished basement & built-in garage. Potential to sell off each side as a condo-townhouse. Topographical survey and preliminary plans are available for review. Or, in addition to the 3-room cottage, there was a grandfathered 2 family dwelling which measured 23' x 47' (1,080 sq ft footprint) on property which was demolished and can be rebuilt on right side of garage maintaining 10'sideyard from right (north) side property line. Cottage has gas forced air heat & central air A/C. "Walking" distance to Train station, restaurants, YMCA and other amenities. Incredible opportunity.
Location
State NJ
County Morris
Area Madison Borough
Zoning Residntl
Exterior
Waterfront Description None
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