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222 William St

East Orange City, NJ 07017
  • $600,000
  • STATUS: Active Under Contract
  • ON SITE: 50 Days
  • MLS #: 3859123
Under Contract
UPDATED: 42 min ago
$600,000
  • 5
    BEDS
  • 0.3
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

A 4 family on .3 acres and 8 garages!!! Come check out this unique property! All 4 units have been renovated in the last few years. Fully rented with tenants on mtm leases. 3 one-bedroom apartments and 1 two-bedroom. Plans have been drafted to also subdivide the property and add 2 additional 2-family houses. Buyer could easily subdivide and sell the land or build themselves. Or turn the driveway into a parking lot and rent out the garages and spaces separately. Separate utilities, all but one tenant pay for their own utilities. Unfinished attic could be used for extra storage or whatever your imagination desires. Lots of opportunity and potential!!! Plans have NOT been approved! $5-10k extra will be needed to submit and get the plans approved along with about 60 days. All plans and due diligence are completed

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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 Gold Standard Realty. 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 Gold Standard Realty 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 2023-09-30T15:46:23.003.
www.goldstandardrealty.com/homes/142320091
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222 William St East Orange City, NJ 07017

  • Price: $600,000
  • Status: Active Under Contract
  • On Site: 50 Days
  • Updated: 42 min ago
  • MLS #: 3859123
5
Beds
4
Baths
0
½ Baths
0.3
Acres
1925
Built
County:
Essex
Area:
East Orange City
Property Description
A 4 family on .3 acres and 8 garages!!! Come check out this unique property! All 4 units have been renovated in the last few years. Fully rented with tenants on mtm leases. 3 one-bedroom apartments and 1 two-bedroom. Plans have been drafted to also subdivide the property and add 2 additional 2-family houses. Buyer could easily subdivide and sell the land or build themselves. Or turn the driveway into a parking lot and rent out the garages and spaces separately. Separate utilities, all but one tenant pay for their own utilities. Unfinished attic could be used for extra storage or whatever your imagination desires. Lots of opportunity and potential!!! Plans have NOT been approved! $5-10k extra will be needed to submit and get the plans approved along with about 60 days. All plans and due diligence are completed
Exterior Features

Approximate Lot Size 115X115 Exterior Description Aluminum Siding Garage Description Detached GarageGarage Parking Number Of Parking Spaces 20 Parking Driveway Description Off-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorUnfinished Cooling None Heating 4+ UnitsForced Hot Air Interior Features Carbon Monoxide DetectorSmoke Detector Total Number Of Rooms 12 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigerator Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving RoomUtility Room Unit1 Rooms 4 Unit1 Security Deposit 1551 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 1 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenUtility Room Unit2 Rooms 2 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsKitchenLiving RoomUtility Room Unit3 Rooms 3 Unit3 Sq Ft 9999 Unit4 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigerator Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 1 Unit4 Levels 2 Unit4 Room Description BedroomsKitchenLiving RoomPantryUtility Room Unit4 Rooms 3 Unit4 Sq Ft 9999

Property Features

Assessment Total 388800 Building Assessment 300300 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 61500 Land Assessment 88500 Net Operating Income 440000 Sewer Public Sewer Tax Amount 12317 Tax Rate Amount 2.906 Tax Rate Year 2022 Tax Year 2023 Total Operating Expense 17500 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1400 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1300 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1154 Unit3 Security Deposit 1650 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit4 Rent 1271 Unit4 Security Deposit 0 Utilities ElectricGas In Street Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 862-215-7820.


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 Gold Standard Realty. 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 Gold Standard Realty 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 2023-09-30T15:46:23.003.
 
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