481 William Street,East Orange, NJ 07017
East Orange, NJ 07017
Description
This superb investment FOUR story brick 26 UNIT building offering 15 one bedroom units and 11 two bedroom units is nestled in prime location, surrounded by many new constructions as large redevelopments are happening very quickly in this vicinity. Property is well maintained. Boiler and hot water heater under 5 years old. Elevator 2006, roof redone multiple times since ownership, last update 2018. Most rentals are below market value and have much more potential. 4 units are in process of renovation, will be rented during contract at new market value. ALL units have been renovated in full 20 years ago, and many were renovated prior to getting re-rented. All units are in great condition. Super on premises. Security cameras are all in place and included in the sale. Located few mins from the train station and nestled between the Garden State Parkway and Route 280, super convenient! Most rentals are below market value. The current income is great, and the potential income is hard to pass! Call for details!
Details
| MLS # | 26008746 |
|---|---|
| Listing Type | For Sale |
| Style | 5+family |
| Sub-Type | Resale |
| Status | Under Contract |
| Days On Site | 204 |
| Listing Provided By | Keller Williams Prosperity Realty | Rania Naporlee |
Features
Exterior
| Roof | Flat |
|---|
Taxes
| Taxes | 81277 |
|---|
Area Information
| State | NJ |
|---|---|
| County | ESSEX |
| City | East Orange |
| Zip Code | 07017 |
| Area | East Orange |
| Listing VS Median (in 07017) | |
Price: $4,299,000 low | high Med: $0 On site: 204 low | high Med: | |
Market Activity 07017
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | ESSEX |
| City | East Orange |
| Zip Code | 07017 |
| Area | East Orange |
| Listing VS Median (in 07017) | |
Price: $4,299,000 low | high Med: $0 On site: 204 low | high Med: | |
 | $4,299,000481 William StEast Orange City, NJ 07017 |