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Work With Kim

Sold

$570,000

485 Lakeside Avenue, Orange, NJ 07050

9 Beds
5 Baths
Est. payment from /mo

Property Description

Extremely large legal 4 family in the heart of Orange, NJ. Registered with Orange City as a 4 fam with a legal bonus apartment. Registered with NJ State DCA as 5 family with current DCA registration and current inspections. Property has 4 separate apartments plus bonus attic AND a connected outbuilding that is a 2 bed/1 bath apartment and it's own utilities. Property is multi generationally occupied for many years, so currently very little rental income. Basement is not suitable to be finished but large expansive area for storage. Main building has separate Elec & Gas but only one boiler. Oil heat(above Ground) . All apartments are well maintained but will need updating and TLC. No driveway but Plenty of on street parking. This can be a money making goldmine for the true Investor or Owner occupant. Fully occupied. Advanced notice to show required. 4 Units will be vacant. 1 unit currently vacant but owner may rent short term. Back on Market
Extremely large legal 4 family in the heart of Orange, NJ. Registered with Orange City as a 4 fam with a legal bonus apartment. Registered with NJ State DCA as 5 family with current DCA registration and current inspections. Property has 4 separate apartments plus bonus attic AND a connected outbuilding that is a 2 bed/1 bath apartment and it's own utilities. Property is multi generationally occupied for many years, so currently very little rental income. Basement is not suitable to be finished but large expansive area for storage. Main building has separate Elec & Gas but only one boiler. Oil heat(above Ground) . All apartments are well maintained but will need updating and TLC. No driveway but Plenty of on street parking. This can be a money making goldmine for the true Investor or Own...
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Interior

Full Bathrooms
5 Full Baths

Area & Lot

Lot Size
3,629 Sq.Ft.
MLS® ID
23012783
Type
Multi-Family
Architecture Styles
4 Family

Exterior & Building

Water Source
Public
Parking
No Garage
Heat Type
Hot Water, Oil
Sewer
Public Sewer

Finance

Reduced Price
Price Upon Request
Real Estate Taxes
$11,647/yr
485 Lakeside Avenue

Work With Kim

Licensed in New Jersey and previously a broker in Colorado and Maryland, RE/MAX Select agent Kim Damion offers 24 years of combined real estate and marketing experience backed by substantial credentials.