448 Lincoln Ave - Apartments FOR SALE
Orange, NJ 07050 |
448 Lincoln Ave
Orange, NJ 07050
HIGHLIGHTS
- Lincoln Manor Apartment Homes is a rare-to market, 68-unit, garden-style, value-add investment property located in Orange, NJ
- The community has an ideal mix of 9 studios, 38 one-bedrooms, and 21 two-bedrooms
- Current rents are 22% below the Fair Market HUD Guidelines in a municipality where vacancy decontrol is tied to these limits
- Lincoln Manor is well-maintained, has ample off-street parking spaces, and on-site laundry facilities
- Lincoln Manor has been managed professionally by the same owner for more than a decade
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
75000
STORIES
3
YEAR BUILT
1968
PARKING SPACES
74
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-05202-0000-00002,17-05202-0000-00003
