Value-add two-family property ideal for investors or owner-occupants looking to renovate and create equity. Unit 1 offers a spacious layout with high ceilings, a large living room, formal dining room, oversized kitchen, two bedrooms, and one full bathroom, with the potential to reconfigure the living space into an additional bedroom.… Read More The upper levels provide substantial income potential, featuring a second level with two bedrooms and a full bathroom, and a third level with three bedrooms, a kitchenette area, and a full bathroom. The basement includes a bedroom, full bathroom, and separate entrance, offering added flexibility. This property requires renovation and is well-suited for a buyer with vision seeking passive income, strong upside, or the opportunity to live in one unit while renovating and renting the others. Additional features include a long driveway with parking for approximately 46 vehicles and a sizable backyard. Conveniently located in Orange, NJ near public transportation, major highways, and local entertainment. Most units can be delivered vacant. Excellent opportunity to renovate, add value, and maximize rental potential. Read Less
Courtesy of NEW AND MODERN GROUP.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
7
Lot Size
0.15 Acres
Year Built
1884
MLS Number
4012833
30 Days Snapshot Of 07050
$563k
0%
(avg) sold price
8
+700%
homes sold
105
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Walkout, Yes
Building
Built in 1884
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, See Remarks
Lot
Approximate Lot Size: 6528 SF, 0.15 acres
Parking
6 parking spaces, Driveway-Exclusive, See Remarks
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $16,623, Tax Rate: 4.030
Unit One
1 bathroom, 2 bathrooms, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Fire Alarm System, Smoke Detector
Unit Two
1 bathroom, 2 bathrooms, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Fire Alarm System, Smoke Detector
Unit Three
1 bathroom, 3 bathrooms, 9,999 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Fire Alarm System, Smoke Detector
Unit Four
Handicap Accessibility: No
Utilities
Gas-Natural
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