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10 S Grove St

25 Unit Block of Flats For Sale 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.

Property Facts

Sale Type Investment
No. Units 25
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.19 AC
Building Size 16,000 SF
Number of Floors 4
Year Built 1923
Opportunity Zone Yes

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 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-00180-0000-00015-01
Land Assessment
£508,593
Improvements Assessment
£1,199,026
Total Assessment
£1,707,619
  • Listing ID: 34062789

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 10 S Grove St, East Orange, NJ 07018

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