315-321 Evesham Ave, Magnolia, NJ 08049

The auction for Hubzu property 501321 ends 03-15-2021 at 06:00 PM ET. Why wait? Bid on this property now. Visit Hubzu.com to get started. Legal duplex with an adjoining vacant buildable lot. Each unit has 2 Bedroom, 1 bathroom. Property is occupied(with no paying tenants, evictions filed against both and awaiting end of eviction moratorium). Property being sold 'AS IS' and is in need of repair and maintenance. Rents are below market; this is an underperforming asset and there is room to increase cash flow and return on investment. Opportunity to build an add'l investment/spec house on adjacent lot (or possibly go back in and try to get approvals to build a multi-family on the vacant lot). Also could possibly be a commercial development play- Walgreens and Royal Farms on the corner of the WHP and Jiffy Lube likely coming across the street. Vacant commercial lot next door for sale through different owner. Need to give tenants at least 24hr notice before showing (no weekend showing) "As is" cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.