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Single Family Residence

281 Fortescue Rd, Newport, NJ 08345

2 Bedrooms
1 Bathrooms
700 sqft
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2 Bedrooms
1 Bathrooms
AreaArea Dark
700 sqft

Property Overview

Attention investors, builders, and land buyers! Rare opportunity to acquire approximately 4.8 acres in Newport, NJ with an existing single-family home ready for redevelopment or a full renovation. The property offers endless potential for a fix-and-flip, custom home, long-term investment, or possible future development (buyer to perform all due diligence). The existing structure requires substantial rehabilitation, including a new septic system and major updates throughout, making this an ideal project for experienced investors. Large acreage, privacy, and strong upside make this a unique opportunity that's becoming increasingly difficult to find. Property is being sold as-is. Cash or renovation financing preferred. Buyer responsible for verifying zoning, wetlands, flood zone, subdivision potential, and all intended uses.

Beds

2

Baths

1

Sq Ft

700

Additional Details

Type

single family residence

Parking

driveway

Built In

1983

Lot Size

218,427 sqft

Property Condition & Systems

Property Condition

2-Horrible Condition

Flood Zone

Yes

Renovation Estimate

$50,000

Monthly Tax

$174

Air Conditioning

Yes

Basement

Yes

Age Restricted

No

Occupancy

VACANT

HOA/COA

No

Lease Amount

N/A

Lease Term

N/A

Asking Price$70,000
ARV$240,000
Prop AI Score----------

Ask the contract holder about the property

Comparable Property Sales

Property

Single Family Residence

146 Fortescue Rd, Newport, NJ 08345

$285,000
2 Bedrooms
2 Bathrooms
896 sqft
Property

Single Family Residence

295 Landing Rd, Newport, NJ, 08345

$320,000
2 Bedrooms
2 Bathrooms
1,360 sqft
Property

Single Family Residence

554 Old Beaver Dam Rd, Newport, NJ, 08345

$157,000
1 Bedrooms
0 Bathrooms
832 sqft

Property Location

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Payment Calculator

Home Price

Down Payment (%)

Loan Amount

$70,000

Interest Rate (%)

Estimated monthly payment breakdown
Interest
$194
Property Tax
$174
Home Insurance
$2
HOA
$0

Est. Payment

$370

/ month

Asking Price$70,000
ARV$240,000
Prop AI Score----------

Ask the contract holder about the property