Residential subdivision

Highlights:

• Approved 7-lot single family subdivision
• On a private cul-de-sac
• Desirable area
• Home sales in $500,000-$600,000 price range

Description:

7-lot approved not improved subdivision on an existing dirt road in the desirable section of Brookside. Estimated home sales are in the $500,000 - $600,000 price range. The property consists of 1 single family residence on 1/3 acre lot with 4 bedrooms and 2 bathrooms with a detached 3-car garage. Currently, tenant occupied, generating $2,000/month. The tenant would consider purchasing the existing home if the new owner doesn't want to retain it. The remaining balance consists of 6 residential building lots with 3 x 1/2 acre lots, 2 x 1/4 acre lots and 1 x 1/3 acre lot on a private cul-de-sac. Final approval is subject to just resolution compliance, posting a bond and filing the map.

2.8 Acre approved subdivision in desirable Brookside residential neighborhood in Toms River, NJ.