59 Falson Lane, Morganville, New Jersey 07751

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This property is a 4-5 year long project. It has an expansive 35 Acre Lot that has potential to build 7 (seven) single family homes that can range from 3,000-4,000 square foot. This property is located within a very good school district and properties in the area are selling for $1M to 1.2M each depending on design and fixtures. We are selling 59 Falson lane, which is the only current home already built on this land for $885k, and the 35 Acre land for $1M with a proposed subdivision plan prepared by a local engineering firm. 

We are looking for worthy investors join us in building multiple homes on the 35 Acre sub-dividable land for a guaranteed 20% (yearly) return on their investment secured by the real estate. The total project cost is approximately $3.5M and the ARV is $7-$8M. This is a very high-yield investment project, and we will provide any needed documentation and information to any interested parties upon request.

Additional Information about Property:

 Year built: 1984
Heating: Forced Air
Cooling: Central Air
Bedrooms: 4

Bathrooms: 3

Full bathrooms: 3

Basement: Full, Unfinished

Heating features: Forced Air

Cooling features: Central Air

Total structure area: 2,554

Total interior livable area: 2,554 sqft.

Home type: SingleFamily

Architectural style: Contemporary

Roof: Shingle

Year built: 1984

Sewer information: Public Sewer, Septic Tank