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671 Lincoln Ave 49 Unit Apartment Building For Sale Orange, NJ 07050
INVESTMENT HIGHLIGHTS
- 671 Lincoln is a 49-unit, well-maintained, value-add investment property in Orange, New Jersey
- The property offers substantial upside with 24% below market rents providing a $342 average per unit delta to market
- 671 Lincoln has been managed, renovated, and cared for by high quality ownership for ~7 years
- Ideal location in the heart of Essex County just off Scotland Road and only a 10-minute walk from South Orange’s NJ Transit Station – Mountain Station
EXECUTIVE SUMMARY
Great multi-family investment opportunity in Orange, NJ.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.38 AC |
| No. Units | 49 | Building Size | 34,208 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1929 |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Zoning | A-2, Orange City TWP - Residential | ||
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 34,208 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1929 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | A-2, Orange City TWP - Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 47 | - | 700 |
| 2+1 | 1 | - | 2,000 |
| 3+1 | 1 | - | 2,000 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 17-06301-0000-00014 | Improvements Assessment | $2,450,000 |
| Land Assessment | $2,450,000 | Total Assessment | $4,900,000 |
PROPERTY TAXES
Parcel Number
17-06301-0000-00014
Land Assessment
$2,450,000
Improvements Assessment
$2,450,000
Total Assessment
$4,900,000
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671 Lincoln Ave
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