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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$4,299,000

Est. payment - /mo

8,276 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4014919

Year Built 1955

Annual Tax Amount $81,277

Tax Year 2025

Lot Size 8,276 Sqft

Property Description

This superb investment FOUR story brick 26 UNIT building offering 15 one bedroom units and 11 two bedroom units is nestled in prime location, surrounded by many new constructions as large redevelopments are happening very quickly in this vicinity. Property is well maintained. Boiler and hot water heater under 5 years old. Elevator 2006, roof redone multiple times since ownership, last update 2018. Most rentals are below market value and have much more potential. 4 units are in process of renovation, will be rented during contract at new market value. ALL units have been renovated in full 20 years ago, and many were renovated prior to getting re-rented. All units are in great condition. Super on premises. Security cameras are all in place and included in the sale. Located few mins from the train station and nestled between the Garden State Parkway and Route 280, super convenient! Most rentals are below market value. The current income is great, and the potential income is hard to pass! Call for details.

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Finished-Partially, Full

Interior

Heating Gas-Natural

Cooling See Remarks

Equipment Appliances, Fire Alarm, Fixtures, Passenger Elevator(s), Security System, See Remarks, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Story 4

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Listed by KELLER WILLIAMS PROSPERITY REALTY

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Ataullah Barnes

+1(973) 277-2575

Broker | License ID: 0454603

Broker License ID: 0454603

481 William St East Orange City, NJ 07017

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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NEARBY SCHOOL & BUSINESS

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481 William St