390 Orange Rd - Apartments FOR SALE


Montclair, NJ 07042
$1,170,000 USD
973-454-3218
390 Orange Rd, Montclair, NJ for Sale
$1,170,000 USD
Apartments - FOR SALE
1/35
null | 5.93% Cap Rate

390 Orange Rd
Montclair, NJ 07042


OVERVIEW

Tremendous investment opportunity. Legal 5-unit multi family. The five units are comprised of three 1 bedroom units, a 2 bedroom apartment & a 3-bedroom duplex. The apartments are separately metered for gas, electric and heat. Apartment #4 & #5 has been totally remodeled and updated and can serve as the model unit for future renovations. Welcoming front entry halls and staircase have been beautifully redone including intercom & mailboxes. Complete electrical upgrade to the whole building in 2022. Separate entrance to basement. Plenty of onsite parking. Large corner property with plenty of upside.

FOR SALE DETAILS

PRICE

$1,170,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

5

PRICE/UNIT

$234,000

CAP RATE

5.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,926 SF

ZONING

R1

APN/PARCEL ID

13-02904-0000-00042

ASK ABOUT THIS PROPERTY

Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

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Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.