Property Description
Turnkey Investment | Secured Income Through 2027 | Prime Location
Positioned within the desirable Orchards community, this income-producing townhome presents a rare opportunity to acquire a stabilized asset with immediate cash flow and long-term upside. Currently leased at $3,100/month to a long-standing tenant, with a newly executed lease in place through February 2027, this property offers both security and consistency for the discerning investor. The residence features 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout that appeals to today's renters, along with the added convenience of a 1-car garage. Residents enjoy access to a suite of lifestyle amenities, including an in-ground pool, tennis courts, and a playground-enhancing tenant retention and overall value. Strategically located just moments from Route 9, the property benefits from seamless connectivity to shopping, dining, and major transportation corridors. A compelling addition to any portfolio--offering stability, location, and strong income performance.
Positioned within the desirable Orchards community, this income-producing townhome presents a rare opportunity to acquire a stabilized asset with immediate cash flow and long-term upside. Currently leased at $3,100/month to a long-standing tenant, with a newly executed lease in place through February 2027, this property offers both security and consistency for the discerning investor. The residence features 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout that appeals to today's renters, along with the added convenience of a 1-car garage. Residents enjoy access to a suite of lifestyle amenities, including an in-ground pool, tennis courts, and a playground-enhancing tenant retention and overall value. Strategically located just moments from Route 9, the property benefits from seamless connectivity to shopping, dining, and major transportation corridors. A compelling addition to any portfolio--offering stability, location, and strong income performance.
Overview
Property Type
Condo
Location
123 Tangerine Drive, Marlboro, NJ 07746
MLS ID
22609245
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Other Interior Features
Recessed Lighting
Exterior
Stories
2
Garage Spaces
1.0
Water Source
Public
Pool
Common, Heated, In Ground
Roof
Timberline, Shingle
Parking
Common, Driveway, On Street
Heat Type
Natural Gas, Forced Air
Air Conditioning
Central Air
Sewer
Public Sewer
Substructure
Slab
Amenities
Tennis Court(s), Association, Basketball Court, Common Area, Jogging Path, Landscaping, Playground
Details
Total Area
1,745 Sq.Ft.
Financial
Price
$570,000
Real Estate Tax
$6,739/yr
HOA
$395/mo
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