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22-30 S Munn Ave
East Orange, NJ 07018
Multifamily Property For Sale
·
50 Units
Investment Highlights
- 20% upside in rents
- 68% of the units are two and three bedrooms with an average size of 1,017± SF
- 66% of the units have been upgraded
- Ability to add additional units
- In-place rents have increased 43% over the past five (5) years
- Steps from mass transit
Property Facts
| No. Units | 50 | Lot Size | 0.76 AC |
| Property Type | Multifamily | Building Size | 45,600 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 45,600 SF |
| No. Stories | 5 |
| Year Built | 1924 |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 696 |
| 2+1 | 18 | - | 946 |
| 3+1.5 | 16 | - | 1,089 |
Property Taxes
| Parcel Number | 05-00232-0000-00035 | Improvements Assessment | $4,078,400 |
| Land Assessment | $1,300,000 | Total Assessment | $5,378,400 |
Property Taxes
Parcel Number
05-00232-0000-00035
Land Assessment
$1,300,000
Improvements Assessment
$4,078,400
Total Assessment
$5,378,400
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