113 Central Avenue

Welcome to this charming historic home in Grenloch Terrace! This multi use property has potential to be a 3 unit property. First, an old General Store, has approx 800 sq ft but no bath. Next, a 750 sq ft Post Office occupies part of the first floor with its own half bath that has been renting since the 1940's! Currently leased for $1442/month. 2 years into 15 year lease with 2.5% increase every 5 years. Post Office may void lease with 24 month notice. Finally, onto the 2200 sq ft, 2-floor apartment that boasts 5 beds, 2 baths with second floor laundry room. Walk up to large attic, 2 stairways, gorgeous large wrap around porch and full basement. Original hardwood floors and large built in cabinets give this house a unique Colonial atmosphere. There is also a mudroom off the kitchen and a screened in porch off the dining room. The hallway bath was remodeled 2 years ago, other full bath was remodeled 4 years ago, most windows were replaced in the last 5 years, flat roof is 3 years old. Water is shared and paid by landlord. 3 separate electrical boxes. Electric was updated in 2013 but some knob and tube still exists. Property just one mile to route 42 and Atlantic City Expressway. This is a very unique property in a beautiful neighborhood.