BEDS7
BATHS3 full
MLS#4018204
STATUS
PROPERTY TYPEResidential - Single Family
Property Description
Excellent opportunity for both investors and owner-occupants! This well-maintained multi-unit property features three units, consisting of two 3-bedroom units and one 1-bedroom unit, offering strong rental potential and flexibility. Perfect for a buyer looking to live in one unit while generating income from the others.The two 3-bedroom units are spacious and very well maintained, reflecting consistent upkeep throughout ownership. The entire property has no major issues, with all mechanicals in good working condition, making this a true turnkey investment.Projected fair market rents for all three units exceed $7,000 per month, offering investors the potential for over a 10% cap rate. This makes it an ideal addition to any portfolio or a high-performing first investment.Additional highlights include a full basement providing ample storage or potential for additional use. The layout and unit mix make this a prime long-term hold or house-hack opportunity.Don't miss your chance to own a solid, income-producing property in a desirable market.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Unfinished
Fuel Type: Electric
Garage: 1
Home Style: Colonial
Lot Size: 0.06 Acres
Taxes: $12,322
Year Built: 1925
Feature Descriptions
Appliances: Refrigerator
Days on Site: 4
Exterior: Wood
Lot Dimensions: 0.06 acre(s)
Parking Notes: None
Water: Private
Listed By / Shown By
Listed By
Agency Name: EXP REALTY, LLC
Agency Contact: 908-489-2740
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,536.92 per month $1,335.12 Principal & Interest $1,026.83 Property Tax $174.97 Homeowner's InsuranceChange Payment Information
550 Norwood St | MLS# 4018204
This single family home located at 550 Norwood St, East Orange, NJ 07018 is currently listed for sale with an asking price of $599,900. This property was built in 1925 and has 7 bedrooms and 3 full baths. Search East Orange real estate on www.realtymark.net today.