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451 Springdale Ave 7 Unit Apartment Building £1,322,038 (£188,863/Unit) 4.95% Net Initial Yield East Orange, NJ 07017
INVESTMENT HIGHLIGHTS
- Located in vibrant East Orange neighborhood with high foot traffic
- Conveniently located to major transportation services
- This building is a strong income producing asset
- Recently renovated apartment units
EXECUTIVE SUMMARY
This prime mixed-use building features 7 spacious apartments (2, 3 bedroom layouts) and a versatile retail space, currently rented as lucrative convenient store. This wonderfully maintained all brick two- story mixed use building, characterized by its unique architectural features comprising a total of seven apartment units, each residence offers ample living space thoughtfully renovated to align with modern living concepts, complete with 6- two bedrooms and 1-three bedroom with one full bath respectively. The kitchens are equipped with stainless steel appliances and seamlessly flow into spacious living and dining areas. For added comfort, central air conditioning is provided in each unit. Located in vibrant East Orange neighborhood with high foot traffic, conveniently located to major transportation services. This building is a strong income producing asset.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 05-00563-0000-00009 | Total Assessment | £790,914 (2025) |
| Land Assessment | £119,765 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £671,148 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05-00563-0000-00009
Land Assessment
£119,765 (2025)
Improvements Assessment
£671,148 (2025)
Total Assessment
£790,914 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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451 Springdale Ave
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