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About the Listing KLRWMSWT - 3134422
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
Listing Highlights for 40 Spillway Dr
Status
Active
Days on Site
5
Property Type
Residential
MLS ®
NJSA2016852
Year Built
1934
Total Square Footage
1,312
Lot/Acreage
1.05
County
Salem
Neighborhood
Paradise Lakes
Area
Alloway Twp (21701)
School District
Alloway Township Public Schools
Elementary School
Alloway Twp. E.S.
Middle School
Alloway Township School
High School
Woodstown H.S.
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Hot Water
- Fireplaces: 1, Non-Functioning,1 Fireplace
- Floor:
- Above Ground Sq Ft: 1312
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Bathroom - Tub Shower,Built-Ins,Carpet,Ceiling Fan(s),Combination Kitchen/Dining,Entry Level Bedroom,Kitchen - Eat-In,Kitchen - Table Space,Water Treat System,Main Floor Bedrooms: 4
- Water: Well
Exterior Details
- Lot Description: Backs to Trees,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 248.00x138.00
- Zoning: RESIDENTIAL
- Roof:
- Others:
- Sewer: On Site Septic
- Parking Features: Asphalt Driveway,Shared Driveway,Circular Driveway,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,137
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
40 Spillway Dr Alloway, NJ 08001
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