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641 Lincoln Ave
Orange, NJ 07050
The Lincoln Peak · Multifamily Property For Sale
·
40 Units
Investment Highlights
- PRICE REDUCED! Close proximity to South Orange border.
- Security system | Elevator building. New elevator cab, DC Motor and controller as of 2014
- Owner recently replaced roof, boiler, electric & plumbing
- Completely vacated and gut renovated; full gut renovation in 2016/2017
- Laundry machines on-site. Owned and maintained by Spin Cycle.
- 22% realistic upside in rents based on highest rent currently already received within the building
Property Facts
| No. Units | 40 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 26,585 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1929 |
| Zoning | N/Av - Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 26,585 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1929 |
| Zoning | N/Av - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
Property Taxes
| Parcel Number | 17-06301-0000-00012 | Improvements Assessment | $2,665,000 |
| Land Assessment | $2,050,000 | Total Assessment | $4,715,000 |
Property Taxes
Parcel Number
17-06301-0000-00012
Land Assessment
$2,050,000
Improvements Assessment
$2,665,000
Total Assessment
$4,715,000
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