House Description

4-family multifamily property offering income potential, owner-occupant flexibility, and future upside in a commuter-friendly East Orange location approximately 8 minutes from the East Orange NJ Transit station with direct access to NYC Penn Station. Three of the four units have been updated, while one unit offers value-add potential for renovation and future rental growth. Property will be delivered vacant, creating opportunities for investors, owner-occupants, furnished rental operators, or buyers seeking a live-in investment property. Features include an unfinished walk-up attic with potential expansion opportunities. Buyers may explore the possibility of incorporating the attic into an upper unit to create additional living space while maintaining the current 4-family layout, subject to municipal approvals and buyer due diligence. The oversized lot includes 8 detached garages in two separate structures, offering additional storage, parking, or income potential in a densely populated neighborhood where off-street parking is increasingly valuable. Property may also offer future subdivision possibilities, subject to municipal approvals and buyer due diligence. Conveniently located near public transportation, Route 280 and Garden State Parkway, shopping, parks, and ongoing redevelopment activity.

Highlights

Listed by JAMES HUGHES , MP KELLER WILLIAMS - NJ METRO GROUP , 973-783-7400. Garden State MLS

Property Type

Multi-Family

Lot/Acreage

0.3

Year Built

1925

County

Essex

Listing ID

4027309

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:5
▪ Bathrooms:4
▪ Full Bathrooms:4

Air Cond:1Unit,Central,SeeRem

Fireplaces:

Basement:Full,Unfinished

Other:Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector,Tile Floors,Vinyl-Linoleum Floors

Other:Public Water

Payment Calculator

Payment Breakdown

Principal Interest

$4,834

Taxes

$1,726

Home Price

$949,900

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$189,980

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly Price:

$4,834.24

Principal

Taxes