This Multifamily Property is no longer advertised on LoopNet.com.

641 Lincoln Ave
Orange, NJ 07050

The Lincoln Peak · Multifamily Property For Sale · 40 Units

Apartment Buildings New Jersey Orange 641 Lincoln Ave, Orange, NJ 07050

INVESTMENT HIGHLIGHTS

  • PRICE REDUCED! Close proximity to South Orange border.
  • Security system | Elevator building. New elevator cab, DC Motor and controller as of 2014
  • Owner recently replaced roof, boiler, electric & plumbing
  • Completely vacated and gut renovated; full gut renovation in 2016/2017
  • Laundry machines on-site. Owned and maintained by Spin Cycle.
  • 22% realistic upside in rents based on highest rent currently already received within the building

PROPERTY FACTS

No. Units 40
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.21 AC
Building Size 26,585 SF
No. Stories 5
Year Built 1929

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 40 - -

PROPERTY TAXES

Parcel Number 17-06301-0000-00012 Improvements Assessment $2,665,000
Land Assessment $2,050,000 Total Assessment $4,715,000

ZONING

Zoning Code N/Av
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  • Listing ID: 27850489

  • Date on Market: 2/28/2023

  • Last Updated:

  • Address: 641 Lincoln Ave, Orange, NJ 07050

More public record information on 641 Lincoln Ave, Orange, NJ 07050

The Multifamily Property at 641 Lincoln Ave, Orange, NJ 07050 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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