20 Wheeler St

West Orange Twp, 07052-5307

$685,000

$685,000
Under Contract
Under Contract
 - For Sale
beds
8 Beds
baths
4 Baths
property_type
Other
calendar
Built 1914
Great Investment property with 8% Cap Rate. 4 unit income producing opportunity in convenient location close to highways, transportation (Including Jitney to NYC Train) and Downtown West Orange Shops and Restaurants. All units occupied, Tenants currently on Month to Month leases. Only one of 4 garages currently rented so opportunity exists for immediate additional income. Some updates to baths and kitchens and new boiler in the past 5 years. Solid income stream that could be further improved with some minor upgrades. Property being conveyed in "AS IS" condition with buyer responsible for municipal requirements. Income/Expense info attached to listing. Annual Rental Income $76,200 - Expenses $20,804 - NOI $55,396.
MLS® ID:
3783118
Updated:
9/28/22

Interior Features

Total Bedrooms
8
Full Bathrooms
4
Cooling
None
Heating
1 Unit, Radiators - Steam

Exterior/Building Features

Lot Size
5,227 ft² lot
Exterior Features
Deck, Enclosed Porch(es), Metal Fence
Architectural Style
Fourplex
Lot Details
Level Lot
Roof
Flat
Sewer
Public Sewer

Other Property Details

Taxes
$14184
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
4
Parking
Detached Garage, See Remarks
Parking Total
4.0
View
N
County
Essex
Utilities
Electric, Gas-Natural
Water Source
Public Water
Pool
No

Property History

Date
Event
Price
Value
9/14/22
Under Contract
-
-
8/9/22
Price Change
$685,000
-2%

 

Courtesy of COMPASS NEW JERSEY LLC

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service. Real estate listings held by other brokerage firms are marked as IDX Listing.  All information deemed reliable but not guaranteed and should be independently verified.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. 

Information deemed reliable but not guaranteed. Copyright © 2022 Garden State Multiple Listing Service. All rights reserved. 

 

Contact