10 S Grove St 25 Unit Apartment Building $6,092,152 CAD ($243,686 CAD/Unit) East Orange, NJ 07018
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.
The property is only an 8 minute walk to East Orange train station with direct trains to NYC in 22 minutes.
PROPERTY FACTS
| Price | $6,092,152 CAD |
| Price Per Unit | $243,686 CAD |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 16,000 SF |
| No. Stories | 4 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 05-00180-0000-00015-01 | Improvements Assessment | $2,121,041 CAD |
| Land Assessment | $899,685 CAD | Total Assessment | $3,020,725 CAD |
