31-33 Cambridge St
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31-33 Cambridge St
7 Unit Apartment Building $1,775,000 ($253,571/Unit) East Orange, NJ 07018
Investment Highlights
- 3 bedrooms in each unit which garners the most rent in this market
Executive Summary
This charming three-story brick apartment building is a standout with its striking architecture and lush landscaping. Boasting 7 spacious, modernized units, each with three bedrooms,1 bath, this property is designed for contemporary living. Enjoy updated kitchens featuring stainless steel appliances, expansive living and dining areas, and central air conditioning for year-round comfort. The total rent roll is $14,654 per month. The building also includes a basement that hosts 7 separate boilers, 7 separate central AC and Forced Hot Air. and the added convenience of parking for up to six cars.
In addition to its impressive features, all utilities such Electricity and Gas are the responsibility of the tenants. This setup enhances the property’s appeal as an excellent investment opportunity or a perfect choice for an owner-occupant.
Its prime location near two train stations, shopping centers, and a variety of dining options makes it an ideal choice. Don’t miss your chance to explore this remarkable property—contact us today to schedule a viewing!
In addition to its impressive features, all utilities such Electricity and Gas are the responsibility of the tenants. This setup enhances the property’s appeal as an excellent investment opportunity or a perfect choice for an owner-occupant.
Its prime location near two train stations, shopping centers, and a variety of dining options makes it an ideal choice. Don’t miss your chance to explore this remarkable property—contact us today to schedule a viewing!
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,775,000 | Building Class | C |
| Price Per Unit | $253,571 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 7,479 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low Rise |
| Price | $1,775,000 |
| Price Per Unit | $253,571 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,479 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 7 | $1,856 | 1,068 |
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 05-00732-0000-00014 | Improvements Assessment | $474,000 (2024) |
| Land Assessment | $126,000 (2024) | Total Assessment | $600,000 (2024) |
PROPERTY TAXES
Parcel Number
05-00732-0000-00014
Land Assessment
$126,000 (2024)
Improvements Assessment
$474,000 (2024)
Total Assessment
$600,000 (2024)
zoning
| Zoning Code | TR-3 |
| TR-3 |
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31-33 Cambridge St
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