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10 S Grove St

25 Unit Apartment Building For Sale East Orange, NJ 07018

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Investment Highlights

60% 2-bedroom units
Ample parking

Large value-add due to below market rents
On-site Superintendent

Executive Summary

The property consists of a mid-rise, 25-unit apartment building with on-site parking for 25 cars. This property has large upside
due to below market rents.
The property is only an 8 minute walk to East Orange train station with direct trains to NYC in 22 minutes.

Property Facts

Sale Type	Investment	Lot Size	0.19 AC
No. Units	25	Building Size	16,000 SF
Property Type	Multifamily	No. Stories	4
Property Subtype	Apartment	Year Built	1923
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.19 AC
Building Size	16,000 SF
No. Stories	4
Year Built	1923
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	25	-	-

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Listing ID: 34062789
Date on Market: 12/3/2024
Last Updated:
Address: 10 S Grove St, East Orange, NJ 07018

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10 S Grove St, East Orange, NJ for sale Primary Photo- Image 1 of 2 — IMG_6562

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