Turnkey 4-unit investment opportunity in the heart of West Orange! This well-maintained multifamily property features four spacious 1-bedroom, 1-bathroom units with separate utilities, allowing tenants to pay their own gas and electric while the owner pays water. A rare opportunity for both investors and owner-occupants, the property offers three vacant units ready to be leased at current market rents and one month-to-month tenant paying below-market rent, creating immediate upside and exceptional value-add potential. Increase cash flow from day one by bringing rents to market rates while benefiting from the flexibility of the month-to-month tenancy. Conveniently located near shopping, restaurants, public transportation, major highways, and all that West Orange has to offer, this is an outstanding opportunity to maximize NOI and build long-term equity in one of Essex County's strongest rental markets.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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