271-277 South Orange Ave
Newark, NJ 07103
A1 Graceful Manner, LLC. 18 Units. · Multifamily Property For Sale · 18 Units
INVESTMENT HIGHLIGHTS
- STRONG cashflow. Property tax advantages are in place.
- 2 blocks to Rutgers University medical & dental schools, 7 minutes to Penn station, and into NYC within 20 Minutes.
- This area is thriving with new development. Wise Investment.
- Location, location, location....is IDEAL. All units have been updated.
- 18 Units Available: 6 commercial units, 4 - 2 bedrooms, 2 - 3 bedrooms, 6 studios.
PROPERTY FACTS
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1944/1996 |
| Parking Ratio | 0.69/1,000 SF |
SITE AMENITIES
- Fenced Lot
- Gas Range
- Laundry Service
ABOUT 271-277 SOUTH ORANGE AVE , NEWARK, NJ 07103
18 unit commercial property with 6 commercial units and 12 residential units (2 bedroom - 4 units, 3 bedroom - 2 units, Studio - 6 units) . Great CASHFLOW. Location, Location, Location - is IDEAL. Units have been updated and entire Property is well maintained. Ideal Location - 2 blocks to Rutgers University Medical and Dental Schools, 7 minutes to Penn Station, and into NYC within 20 Minutes. Rare investment opportunity in a strong rental market for a wise investor.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,006,700 | |
| Land Assessment | $286,000 | Total Assessment | $1,292,700 |
ZONING
| Zoning Code | C |
