223 Wyoming Pl Manville, NJ 08835

This exceptional investment opportunity presents a legally licensed rooming house in Manville, NJ, boasting strong rental demand due to its convenient location near the downtown area. The property, situated on a 0.14-acre lot, encompasses a substantial 2,617 square feet and features 14 bedrooms and 3 full bathrooms. The layout includes 5 bedrooms and 1 full bathroom on the first floor, and 9 bedrooms and 2 full bathrooms, along with a small kitchen, on the second floor. Significant renovations were completed in 2021 to the first floor, encompassing all walls and floors with water-resistant concrete materials, new windows and doors, an upgraded electrical panel, fire alarm system, smoke detectors, and a new water heater. The renovated kitchen and bathrooms are ready for immediate occupancy. The basement and crawl space offer additional storage potential. Parking is ample, with a driveway accommodating 7 vehicles, supplemented by available street parking. The property is equipped for laundry hookups, presenting an opportunity to generate additional income through coin-operated machines. While located in a flood zone, all materials below the flood line have been upgraded to meet flood-proof standards, mitigating potential risks. This property offers a rare chance to acquire a high-yield investment in a desirable location with significant recent upgrades. Priced at $950,000.