94 S Munn Ave - Apartments FOR SALE


East Orange, NJ 07018
$6,400,000 USD
908-906-5142
94 S Munn Ave, East Orange, NJ for Sale
$6,400,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

94 S Munn Ave
East Orange, NJ 07018


HIGHLIGHTS

  • Corner building, with bus stop in front of building - near shopping
  • Large rooms - Lots of natural light

OVERVIEW

This 6-story, 43-unit apartment building presents a strong value-add investment opportunity in a desirable, high-demand rental market. The property features a mix of unit types, ranging from efficient studios to spacious 3-bedroom apartments, catering to a broad tenant base. Approximately 40% of the units have been tastefully renovated, offering updated interiors with modern finishes. The building is rent de-controlled upon vacancy, providing significant upside potential as units turn over. Roof improvements are currently underway, the roofing project will be completed upon purchase - ensuring long-term building integrity and reduced future maintenance costs. Some off-street parking is available around the property, adding convenience for residents. With strong rental demand, a flexible unit mix, and ongoing capital improvements, this asset is well-positioned for an investor seeking stable income with room for growth.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

43

PRICE/UNIT

$148,837

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

94 S. Munn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

128600

APN/PARCEL ID

05-00217-0000-00020

ASK ABOUT THIS PROPERTY

Karim ArzadiCourtLaw Injury LawyersMore Info
908-906-5142

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Karim ArzadiCourtLaw Injury LawyersMore Info
908-906-5142

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