$350,000
- 2 Beds
- 1 Bath
- 914 Sq Ft
5 Indiana Ct Unit A, Matawan, NJ 07747
Matt Merritt Keller Williams Realty Freehold
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Great investment opportunity 5 Units with the possibility for a 6th Parking lot is shared with Library.(Low taxes and maintenance) property is zoned GC with a Dentist office on the 1st floor and 4 rental units. annual income does not include rent from vacant 1br. and garage space which is now vacant.
Denise Neftelberg MID-STATE REALTY
Old Bridge, NJ, a city of 68,000 residents, is located 25 miles from Manhattan, making it a popular choice for commuters. The local economy is diverse, with significant contributions from manufacturing, particularly Old Bridge Chemicals, and healthcare facilities like Old Bridge Medical Center and Raritan Bay Medical Center. The city retains an agricultural feel in parts, with notable green spaces such as the newly converted Cottrell Homestead park and Cheesequake State Park, which offers camping, boating, and nature walks. Housing options vary from waterfront ranch-style homes in Laurence Harbor to larger split-levels inland. Old Bridge Township Public Schools are highly rated, serving over 8,000 students with a favorable student-teacher ratio. For things to do, residents can enjoy the Old Bridge Golf Course, Veterans Park, and Geick Park, as well as the Old Bridge Township Raceway Park and John Piccolo Ice Arena. The nightlife scene includes venues like Café Luna, and shopping options are expanding with the Glenwood Green Shopping Center and the upcoming Riverton project in nearby Sayreville. Commuters benefit from major roadways such as U.S. Route 9, state Route 18, the New Jersey Turnpike, and the Garden State Parkway, along with NJ Transit bus and train services. Safety has seen improvements with a decrease in violent crime, although property crime has increased.
On average, homes in Old Bridge, NJ sell after 28 days on the market compared to the national average of 53 days. The median sale price for homes in Old Bridge, NJ over the last 12 months is $608,750, up 6% from the median home sale price over the previous 12 months.