Skip To Content

126 S Grove St

East Orange City, NJ 07018
  • $700,900
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • MLS #: 3852309
Under Contract
UPDATED: 57 min ago
$700,900
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

Nestled within a vibrant cityscape, an enticing five-unit residential commercial property presents an excellent investment opportunity. This impressive building comprises three inviting two-bedroom units, a cozy one-bedroom haven, and a studio apartment. The recent renovations have breathed new life into the one-bedroom and studio units, transforming them into contemporary spaces. Additionally, the three two-bedroom units have received upgraded bathrooms. The recent renovations have not only revitalized the interiors but have also given the entire property a refreshed and modern look. The one-bedroom unit and the studio now boast stylish finishes, state-of-the-art appliances, Location plays a significant role in the desirability of this property. The property's central location provides excellent connectivity to public transportation, further facilitating convenient travel for both residents and visitors alike. This strategic positioning ensures that the property remains in high demand, making it an attractive investment option. In summary, this five-unit residential commercial property represents an exceptional investment opportunity. The presence of a green card ensures legal compliance, adding peace of mind for investors. With the potential for a GOI of $96,000, boosted by modernized kitchens and a fresh coat of paint, this property presents a compelling prospect for those seeking a lucrative and rewarding investment venture.

Monthly Payment Calculator



Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-09-25T10:47:33.017.
www.movetonewjersey.com/homes/141132075
Print Image

126 S Grove St East Orange City, NJ 07018

  • Price: $700,900
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 57 min ago
  • MLS #: 3852309
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1930
Built
County:
Essex
Area:
East Orange City
Property Description
Nestled within a vibrant cityscape, an enticing five-unit residential commercial property presents an excellent investment opportunity. This impressive building comprises three inviting two-bedroom units, a cozy one-bedroom haven, and a studio apartment. The recent renovations have breathed new life into the one-bedroom and studio units, transforming them into contemporary spaces. Additionally, the three two-bedroom units have received upgraded bathrooms. The recent renovations have not only revitalized the interiors but have also given the entire property a refreshed and modern look. The one-bedroom unit and the studio now boast stylish finishes, state-of-the-art appliances, Location plays a significant role in the desirability of this property. The property's central location provides excellent connectivity to public transportation, further facilitating convenient travel for both residents and visitors alike. This strategic positioning ensures that the property remains in high demand, making it an attractive investment option. In summary, this five-unit residential commercial property represents an exceptional investment opportunity. The presence of a green card ensures legal compliance, adding peace of mind for investors. With the potential for a GOI of $96,000, boosted by modernized kitchens and a fresh coat of paint, this property presents a compelling prospect for those seeking a lucrative and rewarding investment venture.
Exterior Features

Approximate Lot Size 60X168 Construction See Remarks Exterior Description Vinyl Siding Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Full Cooling No Cool Equipment Available AppliancesFire Alarm Heating 1 Unit Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 10642 Tax Rate Amount 2.906 Tax Rate Year 2022 Tax Year 2022 Tenant Pays ElectricGas Utilities All Underground Water Public Water Year Built Description Approximate Zoning Rsidential

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Era Queen City Realty: 908-322-5454.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-09-25T10:47:33.017.
 
Logo
Team Gio | RE/MAX Central
520 Rt 9 North
Manalapan NJ, 08527