This residential property located at 377 Hoffman Ave in New Milford, NJ, presents a unique opportunity for builders, developers, investors, or buyers seeking a project. Constructed in 1954, the home encompasses over 1,800 square feet of living space situated on an expansive lot measuring 85 x 100 feet, totaling 8,499 square feet. The property features 3 bedrooms and 2 full bathrooms. A significant aspect of this offering is the known structural damage, indicating that substantial repairs and renovations will be necessary. This situation is ideal for individuals with the expertise and vision to undertake a comprehensive restoration or to reimagine the site with a new construction.
The interior of the home includes a total of 7 rooms and features hardwood flooring in some areas. For comfort, the property is equipped with central air conditioning and a heating system that utilizes natural gas with forced air. The property includes a basement, which is currently unfinished. Parking is available via an attached garage with space for one vehicle, and parking features are noted as attached. The exterior of the home is finished with vinyl siding.
This property is being sold in its current condition, as-is, and the buyer will be responsible for obtaining the Certificate of Occupancy. The lot dimensions of 85 x 100 provide ample space for potential expansion or redevelopment. The location offers convenient access to local shopping and dining establishments, as well as proximity to New York City transportation routes and major highways, facilitating easy commutes and access to regional amenities.
The annual property taxes for this residence are $11,933. This offering represents a chance to acquire a property with considerable potential in a desirable New Milford location. Prospective buyers are encouraged to conduct thorough due diligence regarding the property's condition and any potential development or renovation requirements.
Coldwell Banker Garden State Realty
201-720-1577
Coldwell Banker Garden State Realty
201-720-1577
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