Property Description

Income-producing waterfront property and the largest of the three Berkley Road parcels: 4.51 acres of woods and marsh with frontage on tidal Mantua Creek, with a rented 1-bedroom, 1-bath cottage tucked well back off the road and a long-term tenant in place paying $1,200 per month on a month-to-month basis. This is the waterfront piece of the tract, in the Mount Royal section of East Greenwich Township, with the house reached by its own drive from Berkley Road and the land running back to the creek. Natural-gas boiler heat; public water and sewer are in the street and the home is currently served by a private well and septic. Zoned RRC (Rural Residential Cluster). A portion of the acreage along the creek lies in the FEMA AE flood zone; any future development or subdivision is subject to township and NJDEP approval, and the buyer is to perform own due diligence. Also offered as part of a three-home package with 20 Berkley Rd (2 bed/1 bath on 3.04 waterfront acres) and 30 Berkley Rd (2 bed/1 bath on 0.41 acre fronting Berkley Road) for $699,777: all three rented at $1,200 per month, $3,600 per month combined, 7.96 acres total, one deed with three separate block and lots. Income-producing property sold strictly as-is, where-is, as an investment with the tenant in place. Please do not approach the property or disturb the tenant; drive-by only until an appointment is confirmed. No one may enter the property without the listing agent present, and all appointments must be confirmed in advance.

Property Features

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