NJ > East Orange
East Orange, NJ 07018,94 S Munn AVE
East Orange, NJ 07018,94 S Munn AVE
East Orange, NJ 07018,94 S Munn AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
30
Jul
Thu
31
Jul
Fri
1
Aug
Ryan McGurl

Ryan McGurl

+1(908) 202-8058
$ 7,500,000
Est. payment | /mo

44,135 SqFt

Save
$ 7,500,000
Est. payment | /mo
Save

44,135 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 44,135 sqft

Price per Sqft $169

MLS Listing ID 2601612R

Year Built 1911

Annual Tax Amount $152,397

Tax Year 2023

Lot Dimensions 123.00 x 140.00

Property Sub-Type Commercial

Source CJMLS API

Property Description

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.

Location

State NJ

County Essex

Zoning 128600

Interior

Heating Radiant-Hot Water, Radiators-Steam

Cooling None

Flooring Ceramic Tile, Concrete, Tile, Wood

Heat Source Natural Gas

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Gas In Street, See Remarks

Roof Type Asphalt,Flat

Total Parking Spaces 10

Building

Lot Description Near Public Transit, Near Shopping, Corner Lot

Story 5

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0500217000000020

Energy Description Natural Gas

Central Jersey MLS (CJMLS)
Listed by J.J. ELEK REALTY CO.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(908) 202-8058

ryanmcgurl@gmail.com

200 North Ave East, Westfield, New Jersey, 07090, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of McGurl Team | Prominent Properties, Sotheby's International Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

94 S Munn AVE