969 S Orange Ave - Apartments FOR SALE


East Orange, NJ 07018
$1,200,000 USD
201-215-1811
969 S Orange Ave, East Orange, NJ for Sale
$1,200,000 USD
Apartments - FOR SALE
1/6
null | 7.79% Cap Rate

969 S Orange Ave
East Orange, NJ 07018


HIGHLIGHTS

  • Upside Potential
  • Desirable Residential Units
  • Covenient Location
  • Seton Hill University
  • High Traffic Count
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use building located at 969 S Orange Avenue in East Orange, New Jersey (“the Property”). The Property consists of a three-story mixed-use building containing six (6) total units comprised of one (1) commercial unit (currently vacant), one (1), 2-Bedroom/1-Bathroom unit, two (2), 3-Bedroom/1-Bathroom units and two (2), 3-Bedroom/2- Bathroom units on a 0.06-acre parcel of land. The Property is well located along S Orange Avenue, one of the area’s primary commercial and commuter corridors, in a densely populated residential neighborhood in East Orange. The Property is 0.8-miles from Seton Hall University and East Orange VA Medical Center and enjoys convenient access to several commuter rail stations and is 3.5-miles from the Newark Broad Street Station and Newark’s Penn Station with direct service to Manhattan’s Penn Station. The Property is positioned along the municipal bus line and offers quick access to the Garden State Parkway, Interstates 280 and 78, 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

$1,200,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

7.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,601 SF

ZONING

-

APN/PARCEL ID

05-00463-0000-00001

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.