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STATUSPROPERTY TYPEResidential - Single FamilySUBDIVISIONPARADISE LAKESSCHOOLALLOWAY TOWNSHIP PUBLIC SCHOOLS
Property Description
Discover the potential of 40-42 Spillway Drive - two separate homes set on a beautiful one-acre lot with mature trees and room to expand. Whether you’re an investor, flipper, or buyer looking for multi-income potential, this property offers an incredible opportunity. The main house (#42) features three bedrooms, one full bath, eat-in kitchen, and a large living room anchored by a decorative brick fireplace. Freshly painted with newer flooring in key areas, it’s clean and move-in ready while leaving plenty of room for value-adding improvements. The home also includes solar panels for energy savings and a full basement that could be finished for additional living. Outside, you’ll find an expansive yard, private setting, and detached storage shed - perfect for tools, equipment, or future projects. Tucked beside the main home, (#40) is a cozy one bedroom bungalow offering a world of opportunity. Whether used as a rental unit, guest house, or extended-family suite, it delivers flexibility and strong income potential. Inside, the home features a comfortable living room, updated kitchen with modern cabinetry, and a full bath. The main-level bedroom provides easy convenience, while the loft area upstairs offers bonus space - perfect for a second bedroom, home office, or studio. With private entrances, separate utilities and two septic systems (shared well), and a quiet setting, this opportunity is ideal for investors looking for multi-unit income or homeowners seeking extra space for guests, hobbies, or short-term rental possibilities. Don’t delay, schedule you private tour of this unique property today! Being Sold STRICTLY as-is, where is- Buyer is responsible for ANY/ALL inspections and certificates for the property. Certificate of Occupancy has been received for both homes-see Bright documents. Multi-Family - MLS# NJSA2016856
Property Features
Basement: Yes
Basement: Full
Cooling: Window Unit(s)
Days on Market: 91
Fireplaces: 1
Fuel Type: Oil
Heating: Baseboard - Hot Water
Lot Size: 1.05 Acres
Taxes: $6,137
Year Built: 1934
Feature Descriptions
Accessibility: Above Grade, Below Grade
Exterior: Frame
Fireplace: Non-Functioning
Interior: Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Table Space, Water Treat System
All commissions are negotiable
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/01/2026. The listing information on this page last changed on 04/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/01/2026 7:50:19 PM EST) or Stellar MLS (last updated Wed 04/01/2026 7:46:09 PM EST) or GSMLS (last updated Wed 04/01/2026 7:24:13 PM EST) or Emerald Coast MLS (last updated Wed 04/01/2026 7:45:30 PM EST) or Central Panhandle Association of Realtors (last updated Wed 04/01/2026 7:47:28 PM EST) or Beaches MLS (last updated Wed 04/01/2026 7:47:18 PM EST) or Naples MLS (last updated Wed 04/01/2026 7:48:53 PM EST) or Bright MLS (last updated Wed 04/01/2026 7:44:25 PM EST) or OneKey MLS (last updated Wed 04/01/2026 7:48:21 PM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. Privacy Policy / DMCA Notice / ADA Accessibility