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GREAT INCOME-PRODUCING OPPORTUNITY IN EAST ORANGE! Ideal for both investors and owner occupants, this unique property offers two HUGE multi-level duplex-style units. Currently fully rented, this property has a monthly rent roll of $9000 and yields a generous cap rate - of 11% plus! The home is inviting with huge porches on the front and back and sits on a large corner lot. Unit one offers a generous 3 bedroom, 1 bath layout on the first floor, complete with a large living room with coat closet and lovely eat-in kitchen. Enjoy amenities like walk-in closets, updated flooring and baths, and high ceilings. This unit also offers a fully finished basement. The basement has a huge rec room, laundry area, full bath, summer kitchen and 3 bedrooms. Occupant can also enjoy the convenience of a separate basement entrance to the backyard. Unit 2 is an expansive 6 bedroom, 3 bath home spanning two levels. The first level offers a living room, modern eat-in kitchen, primary bedroom with en suite, two more generous bedrooms, and a second full bath. This level also has a storage room and laundry room. The upstairs offers 3 more bedrooms with generous closets and a full bath. Occupants can enjoy a dedicated parking lot with plenty of off street parking. The home offers separate utilities including hot water heaters, and furnaces. Located in a bustling neighborhood, residents can enjoy shopping, restaurants, services, public transportation and quick access to highways all within blocks.
| DAYS ON MARKET | 15 | LAST UPDATED | 4/19/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | East Orange |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | East Orange |
|---|---|
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Natural Gas |
| LOT | 9583 sq ft |
| STYLE | Fourplex |
| TAXES | 12647 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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