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$ 699,000
Est. payment | /mo
7 Beds
3 Baths
3,049 Sqft Lot
$ 699,000
Est. payment | /mo
7 Beds
3 Baths
3,049 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3976398
Style 3-Three Story
Bedrooms 7
Full Baths 3
Year Built 1910
Annual Tax Amount $9,358
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
Discover this exceptional investment opportunity featuring a completely legal, DCA approved 3-family home in one of Essex County's most promising markets. The first and second floors each offer 3 bedrooms and 1 full bathroom, while the third floor provides a cozy 1-bedroom, 1-bathroom unit. All units feature separate utilities for maximum rental income potential and reduced landlord expenses. The property includes a full unfinished basement with with independent entrance & tremendous potential for additional income or expansion. Currently vacant, all units provide complete flexibility for owner-occupancy or immediate rental income. Strategically located in East Orange with excellent access to public transportation and major highways, this property benefits from the area's ongoing revitalization and growth. This turnkey investment combines solid fundamentals with significant potential in an established, transit-friendly neighborhood, perfect for both seasoned investors and those entering the multi-family market.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished, Walkout
Interior
Interior Features Carbon Monoxide Detector, Carpeting, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Heating Electric, Gas-Natural
Cooling None
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available All Underground, Gas-Natural
Roof Type Asphalt Shingle, Flat
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY