94 S Munn Avenue East Orange, NJ 07018
Other
MLS #: 2601612R
Courtesy Of J J Elek Realty
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 0
- Floors: 1
- MLSID: 2601612R
- Parking Spaces: 10
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