45-47 N 14th St - Apartments FOR SALE


East Orange, NJ 07017
$1,375,000 USD
201-215-1811
45-47 N 14th St, East Orange, NJ for Sale
$1,375,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

45-47 N 14th St
East Orange, NJ 07017


HIGHLIGHTS

  • Upside Potential
  • Desirable Residential Units
  • Convenient Location
  • Transit Oriented Location
  • Significant Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family building located at 45-47 N 14th Street in East Orange, New Jersey (“the Property”). The Property consists of a threestory multi-family building containing eight (8) residential units comprised of three (3) Studio units, two (2), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit on a 0.12-acre corner parcel of land. The Property also has a detached five bay garage and on-site surface parking for four vehicles. Parking is highly coveted in East Orange and the Property offers the ability to generate additional revenue by leasing the garage bays and surface parking spaces. The Property is well located at the intersection of Eaton Place and N 14th Street in a densely populated residential neighborhood in East Orange. The Property is convenient to several area colleges and universities, University Hospital and the East Orange VA Medical Center, and enjoys convenient access to several commuter rail stations and is 2.5-miles from the Newark’s Penn Station with direct service to Manhattan’s Penn Station. The Property is a short walk from the municipal bus line and offers quick access to the Garden State Parkway, Interstate 280, and NJ Route 21, as well as area schools, national retailers, and Downtown Newark. Located in Essex County, East Orange is a suburb of New York City and is approximately 13-miles to the west.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

8

PRICE/UNIT

$171,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

05-00052-0000-00001

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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