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448 Lincoln Ave
Orange, NJ 07050
Multifamily Property For Sale
·
68 Units
Investment Highlights
- Lincoln Manor Apartment Homes is a rare-to market, 68-unit, garden-style, value-add investment property located in Orange, NJ
- Current rents are 22% below the Fair Market HUD Guidelines in a municipality where vacancy decontrol is tied to these limits
- Lincoln Manor has been managed professionally by the same owner for more than a decade
- The community has an ideal mix of 9 studios, 38 one-bedrooms, and 21 two-bedrooms
- Lincoln Manor is well-maintained, has ample off-street parking spaces, and on-site laundry facilities
Property Facts
| No. Units | 68 | Building Size | 75,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.99/1,000 SF |
| Lot Size | 1.27 AC | ||
| Zoning | MX1 | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 75,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | MX1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Security System
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,830,000 | |
| Land Assessment | $3,550,000 | Total Assessment | $7,380,000 |
Property Taxes
Parcel Numbers
Land Assessment
$3,550,000
Improvements Assessment
$3,830,000
Total Assessment
$7,380,000
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