Welcome to this exceptional investment opportunity a well-maintained legal 8-family apartment building situated on the border of W Orange and close to Montclair. This property offers stability and potential, making it a valuable addition to any real estate portfolio. Key features include a private parking lot with 8 spaces, an on-premises coin-op laundry facility, and significant upside potential through re-development or minor renovations and market rent adjustments. Currently, the building is under-rented due to legacy tenants, free parking, and dated finishes. However, this presents a significant growth opportunity. Two of the eight units have recently been renovated at a cost of $22k each. These units now command market rents around $1,650 per month, plus an additional $100 for parking. With these improvements, the property is poised to achieve an 9% CAP rate in a relatively short period. This robust return on investment is supported by the high demand for quality rental housing in the area, particularly with the added convenience of on-site parking and laundry facilities.The building has been meticulously maintained, ensuring strong structural integrity and reducing repair costs. Beyond the immediate income potential, there is also the possibility of further development, depending on zoning regulations and permissible alterations. This could involve re-configuring the building or expanding to maximize rental income or exploring alternative uses.
Modern Bar and Resturant nestled in the business district of West Orange. Most equipment, appliances and most furniture is included in the sale. Liquor License included in the sale. All sound equipment totaling over 30k is included in the sale.
We are please to present a newly gut renovated 5 units property with (4) 2 bedrooms unit and 1 commercial unit. All apartments are very spacious featuring bedrooms that can fit a queen sized bed, large living room/ dining combo, etc. The building also have a huge parking lot with various parking spaces. All apartments are occupied. Tenants are current on a month to month lease. Completely renovated in 2022 with new roof, new equipment and appliances. Buyer is responsible for due diligence and to obtain all municipality certificate.
Great opportunity 3 investments for 1 Price on 1 lot. Retail Store, 2 Family Residential, Commercial garage/office storage and bathroom. 2 Family Home features 2 spacious bedrooms on 2nd fl . Living room ,eat in kitchen, full bath , recently renovated finished walkout basement 2 large rooms , kitchen area full bath ,laundry hook up with all separate utilities. New hot water heaters . Garage has two lifts one inside and one outside for fleet service of vehicles , plus office space for inventory, supplies, tools and materials . Three properties all on one deed .Located near major hwys, public transportation.
Welcome to 558 S 18th St, being sold along with 286-290 16th Ave. Offering two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St offers a full, unfinished basement with a spacious commercial unit on the ground floor, a 2-bredroom 2-bathroom apartment on the 2nd floor, and a 2-bedroom 1-bathroom on the 3rd floor. Conveniently located on the corner of 18th St and 16th Ave, this property enjoys prime visibility and accessibility, attracting both clients to the commercial space and residents seeking convenience and connectivity. Whether you're an investor seeking a lucrative income property or a business owner looking to establish a presence in a thriving community, this property presents an unparalleled opportunity. Don't miss out on the chance to own this exceptional mixed-use property, schedule a showing today and unlock its full potential.
Welcome to 286-290 16th Ave, being sold as a bundle along with 558 S 18th St. A unique and versatile commercial property offering an exciting opportunity for entrepreneurs and investors alike. 286-290 16th Ave offers 4 spacious and versatile commercial spaces, perfect for a wide range of businesses, as well as a dance hall, patio, and outdoor kitchen. Don't miss out on the chance to own this exceptional property, schedule a showing today and unlock its full potential.
Won't last!! Fantastic investment too good to pass up! Four apartment units plus a store for sale. Perfect for owner occupied or a savvy investor.407 18th Ave., around the corner, also, on same deed (1 bedroom). Serious buyers only. Looking for quick closing.
2 Lots together of 25x100 each one, total of 5,000 sqf., on a Redevelopment Zone. Those 2 lots are good to develop a median rise building with 12 new apartments or to build 2 house 2/3 units. See architect for more information. Currently rented for $3,500.00 month. Buyer must do his own diligences. Sold "as is". No environmental issues. Tenant pays utilities and water.
Profitable mechanic shop in Union Twp, NJ featuring all necessary equipment including lifts and more. Established and thriving, this business is a turkey opportunity for mechanics or entrepreneurs. Prime location and loyal customers base ensure steady income. Owner relocating, presenting an ideal chance for a new owner to step in and continue its success. Don't miss out on this lucrative investment.
Private Small Office Spaces Available on the 4th Floor Overlooking NYC - West Orange, NJ - Starting at $500/month (All Utilities, Free Wi-Fi, Break Room/Kitchen, Backup Generator for Entire Building, Common Area Cleaning, Short or Long-Term Leases Available, Three Spacious Lobbies, Convenient Access to Major Highways, Public Transportation, Nearby Dining Options for Lunch and Dinner, Ample Parking and Overnight Parking for Work Vehicles, Remodeling Options Available, Ideal Getaway Spaces, Private Elevator Access, Individual Climate Control, Preinstalled FIOS for High-Speed Internet and Work Phones) Elevate your workspace experience to new heights with our exclusive selection of private small office spaces located on the 4th floor, offering breathtaking views of the iconic NYC skyline.
Welcome to what I call the deal of the year! Don't miss out on this fantastic opportunity to own two properties for the price of one. The first property is a beautifully updated two-family home, featuring 3 bedrooms and 1 bath on each floor, with separate utilities for each unit. The second property is a fully updated bi-level event space, equipped with central air and separate utilities. This versatile space includes 2 baths, with the potential to add a third bath upstairs. Located close to shops, highways, and Newark Penn Station, this unique offering provides the perfect chance to own two income-producing properties. Don't miss out on this exceptional investment opportunity! There is an event Space and a two family property being sold together. The event space is operational. Buyer Responsible for C/O to close but seller can help as well. Two family will be delivered vacant
Calling all Investors! $8.5M assumable loan at 4.98%, 746 S 14th Street located on Newark's West side is now being offered at $11,995,000 for purchase. This new construction 38 unit apartment complex consists of 3 stand alone buildings comprised of 1, 2 and 3 bedroom units. The building has 8 affordable units at 80% AMI. Completed in 2024, the complex offers 26 Parking Spots and sits on .68 Acres. The property has a 30 year tax pilot at fixed 10% and a 30 year rent control waiver. Cap rate is 6% and NOI $744,106.
Best location in Downtown Millburn! Across from Millburn Deli..plenty of foot traffic and Ideal for any retail use! 2600feet of open, vanilla box space with direct access to Street. Former shoe store.... retail or office use. No Restaurants.
Mixed Use property with store front on the ground floor. Two 3 bedroom, 1 bathroom apartments, beautifully renovated in 2020. 3 car detached garage, plus additional parking along the left side and rear driveways. Building is fully occupied.
Nice approx 980 sqft storefront in a prime very high traffic area in the beautiful town of West Orange NJ. Currently used and set up as a hair salon but can have multiple uses in the location its in.
Office Condominium for Sale ? Prime LocationHere?s a great opportunity to own a 1,560 sq. ft. office condo. Whether you're a healthcare professional or need a versatile space for your business, this property is ideal. It?s designed with nine rooms, including four that are perfect for exams, meetings, or private offices, plus a large office and front desk area that can be connected.Property Highlights:Rooms:Room 1: 13x12Room 2: 11x8Room 3: 9x9Room 4: 13x8Other Spaces:Large Reception Room: 18x7.5Spacious Waiting Room: 23x8.5Main Office: 17x12Large Office: 15x7.5Front Desk AreaKitchen/Break Room: 15x7.5Full RestroomParking:5 dedicated spaces includedExtra spot available for $250/monthFees:Monthly Management Fee: $1,069 (covers electric, gas, and water)Assessment Fee: $208.33/monthAdditional Parking Fee: $250/monthAsking Price: $89,000
Great location for redevelopment opportunity available for sale of lease. 5000 SF of prime space located two blocks from Home Depot. Building currently subdivided into two stores-approx. 2500 SF each. Potential opportunity to build apartments above store.
Uncover a remarkable investment potential in Newark! This BRAND NEW MODERN PROPERTY is a mixed-use property features TWO 3-bedrooms with two bathrooms units and 1 adaptable commercial space. Nestled in a prime location. It presents an ideal blend of residential and commercial income possibilities. Whether you're a seasoned investor aiming to diversify or a newcomer seeking a stable investment, this property offers an alluring opportunity for growth. Enhanced by its proximity to urban amenities, transportation, and a vibrant community, seize the chance to optimize returns and broaden your investment portfolio in this thriving area. IT QUALIFIES FOR TAX ABATEMENT
Single story, 1 bay garage on large corner property in the heart of West Orange Downtown. Reasonable taxes, great potential for owner/user or investor.
GREAT BUILDING! Calling all investors and developers with strategic income production goals. This real estate offers the potential for multiple business opportunities, warehouse space, event space, daycare, large recreation center, medi-spa, medical offices, luxury apartments, senior living, office workspaces, and more. Bring your entrepreneurial mindset and leverage this wealth-enhancing property. Finished basement and a large on-site parking lot, which can be used for any purpose. Located in the redevelopment zone of Newark, near downtown and colleges. Easy transportation.
This well-established legendary business located in the heart of a redevelopment renaissance. The property borders the city of East orange and is a 5-minute walk to the train station to New York. The establishment known for its grand sandwiches has been in business for over 50 years serving the community, also providing a bottle service class C liquor license it just doesn't get any better than this. The building is being sold -AS IS- buyer will be responsible for obtaining all city inspections.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
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