215 Horton Avenue

Description

* Please read full description below * Looking for a great opportunity to build some equity?? This 3 bedroom, 1 bathroom Twin located in heart of Brooklawn is exactly that chance. This property is in a little less than fair condition but it offers an excellent opportunity for an owner-occupant to put some sweat equity into it and put their own personal touch on it. Or an investor looking for small flip & sell opportunity.Property is owned by the municipality and will be sold via Public Auction only. Traditional submission of offers will not be accepted. Auction starting bid: $95,000. Buyer must be able to close within 30 days of contract execution. *** 5-year deed restriction applies: this property cannot be rented until five years after the initial closing from the Borough. The property may be resold or flipped during this period, but the rental restriction will remain in effect until the five-year anniversary of the original sale.Auction Details: Date: Friday, December 19th, 2025 - Time: 4:00 PM (sharp) - Location: Brooklawn Borough Hall, 301 Christiana Street, Brooklawn, NJ 08030. Bid Submission Requirements: Bids accepted in person only at auction with the following details: Buyer’s full name, Contact information, Total bid amount - Proof of 10% escrow deposit, as well as proof of how the Buyer will be paying for the property (cash or pre-approval). If the buyer wins the bid, they must provide the 10% escrow by Monday, December 22nd, at 4 pm in the form of a certified bank check. If escrow is not received in time, the winning auction bid will be considered null and void.Property being sold entirely in as-is condition - if buyer is obtaining financing, they are responsible for any lender-required repairs for closing. Buyer is responsible for obtaining any/all Municipal certifications for resale. It is recommended the Buyer obtain title insurance regardless of payment type. For any additional information or questions, please contact the listing agent.