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Receivership Auction: Mixed Use in Orange NJ 101 S Day St 3 Unit Apartment Building $299,000 ($99,667/Unit) Orange, NJ 07050
Investment Highlights
- Court Ordered Receivership Auction Sale. July 14 @6PM ET.
- Value Add Opportunity! Low Reserve.
- In "Urban Target Area" (UTA)
Executive Summary
Court Ordered Receivership Auction Sale. July 14 @6PM ET.
This property consists of (i) two (2) floor- through residential apartment units; and (ii) a flower shop in a retail space on the ground floor.
Low maintenance & income producing.
In "Urban Target Area" (UTA).
Value add opportunity.
2% Broker Coop Offered.
Low Reserve @ $299,000!
For Inspection dates and other information, see: https://auctionadvisors.com/property-details/essex_auction_438/
This property is being sold individually but is part of a 4-property auction in Newark/Orange.
For details, see: https://auctionadvisors.com/property-details/essex_auction_438/
This property consists of (i) two (2) floor- through residential apartment units; and (ii) a flower shop in a retail space on the ground floor.
Low maintenance & income producing.
In "Urban Target Area" (UTA).
Value add opportunity.
2% Broker Coop Offered.
Low Reserve @ $299,000!
For Inspection dates and other information, see: https://auctionadvisors.com/property-details/essex_auction_438/
This property is being sold individually but is part of a 4-property auction in Newark/Orange.
For details, see: https://auctionadvisors.com/property-details/essex_auction_438/
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $299,000 | Building Class | C |
| Price Per Unit | $99,667 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,534 SF |
| Sale Condition | Distress Sale | No. Stories | 3 |
| No. Units | 3 | Year Built | 1896 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $299,000 |
| Price Per Unit | $99,667 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,534 SF |
| No. Stories | 3 |
| Year Built | 1896 |
| Opportunity Zone |
Yes |
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Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-03501-0000-00005 | Improvements Assessment | $175,000 |
| Land Assessment | $200,000 | Total Assessment | $375,000 |
Property Taxes
Parcel Number
17-03501-0000-00005
Land Assessment
$200,000
Improvements Assessment
$175,000
Total Assessment
$375,000
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