Don't miss this incredible income-producing three-family property featuring *11 total bedrooms and 3 full bathrooms*, offering excellent cash flow and strong upside potential. Currently generating $4,700 per month in rental income, this property is ideal for both investors and owner-occupants.Each unit offers spacious layouts, while the large basement provides endless… Read More possibilities for additional storage, recreation space, or potential bonus rooms (subject to municipal approvals). The property also features a whole-house water softener system, a side driveway with off-street parking, and the increasingly sought-after convenience of an electric vehicle charging station. Major improvements completed in *2023* include three separate boilers, three separate hot water tanks, a new roof, new windows, and updated flooring**, providing added value and peace of mind for the next owner.Occupancy flexibility makes this a standout investment: First: Month-to-month tenant. Second: Leased through January. Third: Will be delivered vacant, offering immediate occupancy or rental potential. Perfectly positioned between Interstate 280 and the Garden State Parkway, this property offers easy access to major highways and is conveniently located near NJ Transit stations with direct service to New York City, making it highly attractive to commuters.An outstanding opportunity in one of East Orange's rapidly growing neighborhoods. Read Less
Courtesy of KELLER WILLIAMS VILLAGE SQUARE.
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Beds
11
Lot Size
0.09 Acres
Year Built
1930
MLS Number
4037593
30 Days Snapshot Of 07018
$481k
+20%
(avg) sold price
5
-61%
homes sold
110
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished-Partially, Full, Yes
Building
Built in 1930
Cooling
None
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 3 Units, Baseboard - Hotwater
Lot
Approximate Lot Size: 38X100, 0.09 acres
Parking
3 parking spaces, Driveway-Shared
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $19,335, Tax Rate: 3.241
Unit One
1 bathroom, 4 bathrooms, Handicap Accessibility: No, CookGas, KitExhFn, Refrig
Unit Two
1 bathroom, 4 bathrooms, Handicap Accessibility: No, CookGas, KitExhFn, Refrig
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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