Value-add two-family property ideal for investors or owner-occupants looking to renovate and create equity. Unit 1 offers a spacious layout with high ceilings, a large living room, formal dining room, oversized kitchen, two bedrooms, and one full bathroom, with the potential to reconfigure the living space into an additional bedroom. The upper levels provide substantial income potential, featuring a second level with two bedrooms and a full bathroom, and a third level with three bedrooms, a kitchenette area, and a full bathroom. The basement includes a bedroom, full bathroom, and separate entrance, offering added flexibility. This property requires renovation and is well-suited for a buyer with vision seeking passive income, strong upside, or the opportunity to live in one unit while renovating and renting the others. Additional features include a long driveway with parking for approximately 4"6 vehicles and a sizable backyard. Conveniently located in Orange, NJ near public transportation, major highways, and local entertainment. Most units can be delivered vacant. Excellent opportunity to renovate, add value, and maximize rental potential.
70 N Essex Ave, City Of Orange Twp. NJ 07050-2702
Property City
City Of Orange Twp.
Property Price
$549,999
Bedrooms
7
Year Built
1884
Tax Annual Amount
$16128
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Lot Size Area
0.15
MLS Status
Active
MLS #
4005432
Yearly Tax Rate
3.910
Year Built (*numeric)
1884
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
20
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Heating
See Remarks
Lot Size Dimensions
6528 SF
Data import from
GSMLS