Property Description

Turnkey 4-unit investment opportunity in the heart of West Orange! This well-maintained multifamily property features four spacious 1-bedroom, 1-bathroom units with separate utilities, allowing tenants to pay their own gas and electric while the owner pays water. A rare opportunity for both investors and owner-occupants, the property offers three vacant units ready to be leased at current market rents and one month-to-month tenant paying below-market rent, creating immediate upside and exceptional value-add potential. Increase cash flow from day one by bringing rents to market rates while benefiting from the flexibility of the month-to-month tenancy. Conveniently located near shopping, restaurants, public transportation, major highways, and all that West Orange has to offer, this is an outstanding opportunity to maximize NOI and build long-term equity in one of Essex County's strongest rental markets.

Property Features