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485 Lakeside Ave

City Of Orange Twp., NJ 07050
  • $589,000
  • STATUS: Active Under Contract
  • ON SITE: 142 Days
  • MLS #: 3841254
Under Contract
UPDATED: 38 min ago
$589,000
  • 9
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,898
    SQFT
  • $203
    $/SQFT
Type:
Multi-Family
Built:
1889
County:
Essex
Area:
City Of Orange Twp.

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Description

Extremely large legal 4 family in the heart of Orange, NJ. Registered with Orange City as a 4 fam with a legal bonus apartment. Registered with NJ State DCA as 5 family with current DCA registration and current inspections. Property has 4 separate apartments plus bonus attic AND a connected outbuilding that is a 2 bed/1 bath apartment and it's own utilities. Property is multi generationally occupied for many years, so currently very little rental income. Basement is not suitable to be finished but large expansive area for storage. Main building has separate Elec & Gas but only one boiler. Oil heat(above Ground) . All apartments are well maintained but will need updating and TLC. No driveway but Plenty of on street parking. This can be a money making goldmine for the true Investor or Owner occupant. Fully occupied. Advanced notice to show required. 4 Units will be vacant. 1 unit currently vacant but owner may rent short term. Back on Market

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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 2023-09-22T10:47:00.833.
www.goldstandardrealty.com/homes/139117970
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485 Lakeside Ave City Of Orange Twp., NJ 07050

  • Price: $589,000
  • Status: Active Under Contract
  • On Site: 142 Days
  • Updated: 38 min ago
  • MLS #: 3841254
9
Beds
5
Baths
0
½ Baths
0.08
Acres
2,898
SQFT
$203
$/SQFT
1889
Built
County:
Essex
Area:
City Of Orange Twp.
Property Description
Extremely large legal 4 family in the heart of Orange, NJ. Registered with Orange City as a 4 fam with a legal bonus apartment. Registered with NJ State DCA as 5 family with current DCA registration and current inspections. Property has 4 separate apartments plus bonus attic AND a connected outbuilding that is a 2 bed/1 bath apartment and it's own utilities. Property is multi generationally occupied for many years, so currently very little rental income. Basement is not suitable to be finished but large expansive area for storage. Main building has separate Elec & Gas but only one boiler. Oil heat(above Ground) . All apartments are well maintained but will need updating and TLC. No driveway but Plenty of on street parking. This can be a money making goldmine for the true Investor or Owner occupant. Fully occupied. Advanced notice to show required. 4 Units will be vacant. 1 unit currently vacant but owner may rent short term. Back on Market
Exterior Features

Approximate Lot Size 3664 SF Color Of Building Brk & Grn Exterior Description BrickComposition Siding Exterior Features Outbuilding(S) Garage Description On-Street Parking Lot Description Level Lot Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Window A/C(S) Heating 2 Units Interior Features Carbon Monoxide DetectorFire Alarm SysFire ExtinguisherSmoke Detector Total Number Of Rooms 25 Unit1 Appliances Equipment CarbmdetCookgasFirealrmKitexhfnRgovgasRefrigSmokedet Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 3 Unit1 Security Deposit 0 Unit1 Sq Ft 690 Unit2 Appliances Equipment CarbmdetCookgasFirealrmKitexhfnRgovgasRefrigSmokedet Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 690 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsEat-In KitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 414 Unit4 Appliances Equipment CarbmdetCookgasFirealrmKitexhfnRgovgasRefrigSmokedet Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsEat-In KitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 690

Property Features

Assessment Total 371700 Building Assessment 292700 Easement Unknown Exclusions Family Personal Belongings Expenses Include HeatHot & Cold WaterInsurance Fha Age Restricted No Fuel Type GasnaturOilabin Gross Operating Income 0 Home Warranty No Land Assessment 79000 Net Operating Income 0 Renovated Year 1977 Sewer Public Sewer Tax Amount 11647 Tax Rate Amount 3.466 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style FourplexSee Remarks Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit4 Rent 0 Unit4 Security Deposit 0 Utilities All Underground Water Public Water Water Heater Gas Year Built Description ApproximateRenovated

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Coldwell Banker Realty: 732-735-4715.


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 2023-09-22T10:47:00.833.
 
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