Information You MUST be pre-qualified before buying a Home.
Get pre-qualified by filling out our easy, 3 step form!
48-50 Church Street
Allentown, NJ 08501
Joseph Jurik with Keller Williams Premier Office, original listing - (609) 459-5100
$469,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
1680 Square Feet
Property Description
INVESTOR OPPORTUNITY!!! Pictures COMING SOON! #50 is about 95% move in ready and #48 is essentially a blank canvas to fix up however you would want. #48 has been gutted, sheet-rocked, and taped, just never fixed up. #48 definitely needs work; finished flooring, windows, and some walls need repair (kitchen). Needs to be finished completely. It needs a new kitchen as a whole. Unfinished unit (#48) is slightly bigger as it is 936 SF while #50 is 744 SF. #48 was fixed up to have 2 bathrooms. Both units have separate basements and are on separate electrical meters but do have shared water. Roof redone in 2017. ALM electric and plumbing done in 2019. Needs exterior TLC. Very fertile land when maintained. Opportunity for 3800-4200 monthly income. Work to be done, but worth the investment! INVESTOR OPPORTUNITY!!! Pictures COMING SOON! About the Town: Come see this duplex in the highly sought after HISTORIC town of Allentown, NJ. Very easy to get to the highways as you are within 3 minutes of 195 and right off of exits 7 and 8. Only 1 hour from NYC and 45 min from Philadelphia. This beautiful small town is filled with lush farmland and rural surroundings. Within walking 5 minutes there is a multitude of small family businesses; such as a couple cafes, an ice cream parlor, yoga studio, and even including a Vegan friendly cafe. When you come to see this circa 1830 home, you will fall in love with the town as well. House is located within 10 minutes of the Hamilton Market Place and within walking distance (0.8 miles) of the Elementary/High School. The school district itself is very highly regarded with a strong history of academics and athletics. This town is the perfect place for someone who wants to start a family or just enjoy the small town atmosphere. Throughout the town there are soccer fields, basketball courts, parks, lakes, and plenty of outdoor activities. There are even parades, fairs, and historic car shows on multiple different occasions throughout the year; that gets the whole town out and about, including a war reenactment in the park....located directly behind this property. That is right, you can stand in your backyard and see the beautifully preserved Heritage Park that includes a walking path and some body weight exercise equipment. Now, the even more important part: about the house. Aside from what you are getting with the town, this duplex is every investor's dream. One unit, #50 is about 95% move in ready and the other side, #48 is essentially a blank canvas to fix up however you would want. You can live on the one side while you finish the other or rent it out in the meantime. #48 has been gutted, sheet-rocked, and taped, just never fixed up. #48 definitely needs work; would need finished flooring, windows, and some walls need repair (kitchen). Needs to be finished completely. It needs a new kitchen and appliances but this is where your dreams can come to life. There are a lot of objects in #48 but will be cleaned out with the sale. Unfinished unit (#48) is slightly bigger as it is 936 SF while #50 is 744 SF. #48 was fixed up to have 2 bathrooms, one not set up for a shower. Both units have separate basements and are on separate electrical meters but do have shared water. Jacuzzi tub on side #48. Small leak under kitchen sink on #50 but water is off. Stove in #50 has a broken top contractor. The roof was redone in 2017. ALM electric and plumbing done in 2019. Needs exterior TLC. When maintained the yard behind is very fertile for growing vegetation of any sort. Seller requests that you are very careful when navigating the house in precaution of extra steep steps and items on floor. Room Measurements Side #50: Living Room: 13 x 11 Kitchen: 13.5 x 10 Bedroom 1: 11.5 x 9 Bedroom 2: 9 x 7.5 **Please note all measurements are a rough measurement and not exact. Also remember that almost every room in #50 has a larger counterpart in unit #48.** The town has a good mix of renters and owners, mostly consisting of small families to enhance the homey feeling you get from being resident there. With the current rates within the town, the opportunity is there for you to get between $3,800 and $4,200 a month between the two units. Work to be done, but worth the investment! House can be a DIY/handyman goldmine with the right amount of allotted work and time. No need to wait, come give this two story duplex a look before it is too late.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Other-Duplex
Year Built
1930
MLS Number
--
Location
Address
48-50 Church Street
City
Allentown
State
NJ
Zip Code
08501
County
MONMOUTH (SOUTHWEST)
Listing
Provider
Keller Williams Premier Office, original listing
Name
Phone
(609) 459-5100
Office Name
Office Phone
(609) 459-5100
Agent Name
Joseph Jurik
Agency Phone
(609) 459-5100

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.