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304 Central Ave 6 Unit Apartment Building $399,000 ($66,500/Unit) Orange, NJ 07050
Investment Highlights
- Receivership Auction - Low Reserves!
- In "Urban Target Area" (UTA).
- Current Income, with Opportunity to add value!
Executive Summary
Court Ordered Receivership Auction Sale. July 14 @6PM ET.
This property consists of:
(i) one (1) commercial/medical unit;
(ii) five (5) residential units; and
(iii) 3 garages.
In "Urban Target Area" (UTA).
Low maintenance & income producing
Value add opportunity.
2% Broker Coop Offered.
Low Reserve @ $399,000!
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) one (1) commercial/medical unit;
(ii) five (5) residential units; and
(iii) 3 garages.
In "Urban Target Area" (UTA).
Low maintenance & income producing
Value add opportunity.
2% Broker Coop Offered.
Low Reserve @ $399,000!
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 | $399,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $66,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Condition | Distress Sale | Building Size | 6,912 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $399,000 |
| Price Per Unit | $66,500 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,912 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 17-04201-0000-00004 | Improvements Assessment | $327,400 |
| Land Assessment | $200,000 | Total Assessment | $527,400 |
Property Taxes
Parcel Number
17-04201-0000-00004
Land Assessment
$200,000
Improvements Assessment
$327,400
Total Assessment
$527,400
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