NJ > East Orange
East Orange, NJ 07018,94 S Munn AVE
East Orange, NJ 07018,94 S Munn AVE
East Orange, NJ 07018,94 S Munn AVE
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$7,500,000
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44,135 SqFt
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94 S Munn AVE East Orange, NJ 07018

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Odain Stanton

Odain Stanton

+1(732) 334-3170

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 44,135 sqft

Price per Sqft $169

MLS Listing ID 2601612R

Year Built 1911

Annual Tax Amount $152,397

Tax Year 2023

Lot Dimensions 123.00 x 140.00

Property Sub-Type Commercial

Source CJMLS API

Property Description

This 6-story, 43-unit apartment building presents a strong value-add investment opportunity in a desirable, high-demand rental market. The property features a mix of unit types, ranging from efficient studios to spacious 3-bedroom apartments, catering to a broad tenant base. Approximately 40% of the units have been tastefully renovated, offering updated interiors with modern finishes. The building is rent de-controlled upon vacancy, providing significant upside potential as units turn over. Roof improvements are currently underway, the roofing project will be completed upon purchase - ensuring long-term building integrity and reduced future maintenance costs. Some off-street parking is available around the property, adding convenience for residents. With strong rental demand, a flexible unit mix, and ongoing capital improvements, this asset is well-positioned for an investor seeking stable income with room for growth.

Location

State NJ

County Essex

Zoning 128600

Interior

Heating Radiant-Hot Water, Radiators-Steam

Cooling None

Flooring Ceramic Tile, Concrete, Tile, Wood

Heat Source Natural Gas

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Gas In Street, See Remarks

Roof Type Asphalt,Flat

Total Parking Spaces 10

Building

Lot Description Near Public Transit, Near Shopping, Corner Lot

Story 5

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0500217000000020

Energy Description Natural Gas

Central Jersey MLS (CJMLS)
Listed by J.J. ELEK REALTY CO.

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agent

Odain Stanton

Agent | License ID: 2336569

+1(732) 334-3170

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94 S Munn AVE