Skip To Content

47 Chestnut St

West Orange Twp., NJ 07052
  • $400,000
  • STATUS: Active
  • ON SITE: 169 Days
  • MLS #: 3719195
UPDATED: 24 min ago
$400,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,800
    SQFT
  • $222
    $/SQFT
Type:
Commercial
Built:
1926
County:

School Ratings & Info

Description

Great opportunity to start your real estate portfolio with this management and maintenance free brick building in a great West Orange location. Long term, stable tenants and recent updates including heating, plumbing electrical, windows and more. Incredible return on investment or rare opportunity to work and live in the same building. Beautiful, modern residential unit features 2 bedrooms, open floor plan and 1 bath. Storefront unit is fully updated, and 5 individual garages add to the rent roll. This property sits on a 25' x 100' corner lot with property taxes of $11,089 and can generate more than $24,600 NOI (before debt service). Do not miss this great opportunity!

Monthly Payment Calculator



© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-11-27T18:46:17.73.
www.srrealestategroup.com/homes/118105009
Print Image

47 Chestnut St West Orange Twp., NJ 07052

  • Price: $400,000
  • Status: Active
  • On Site: 169 Days
  • Updated: 24 min ago
  • MLS #: 3719195
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1,800
SQFT
$222
$/SQFT
1926
Built
County:
Essex
Area:
West Orange Twp.
Property Description
Great opportunity to start your real estate portfolio with this management and maintenance free brick building in a great West Orange location. Long term, stable tenants and recent updates including heating, plumbing electrical, windows and more. Incredible return on investment or rare opportunity to work and live in the same building. Beautiful, modern residential unit features 2 bedrooms, open floor plan and 1 bath. Storefront unit is fully updated, and 5 individual garages add to the rent roll. This property sits on a 25' x 100' corner lot with property taxes of $11,089 and can generate more than $24,600 NOI (before debt service). Do not miss this great opportunity!
Exterior Features

Approximate Lot Size 25X100 Construction Brick/Block Exterior Description Brick/Block Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car WidthBlacktop Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description Unfinished Cooling No Cool Equipment Available AppliancesSee RemarksSmoke Detector Floors LaminateWood Heating 1 UnitBaseboard - ElectricRadiators - Steam Max Ceiling Height 9 Max Door Height 7 Number Of Lavatories 2 Office Sq Ft 900

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 39300 Net Operating Income 24600 Owner Pays Maintenance-Common AreaSewerWater Primary Property Type Offcapts Property Type Office/ApartmentsSee Remarks Sale Includes Building & Land Sewer Public Sewer Suite Number 00 Tax Amount 11416 Tax Rate Amount 4.284 Tax Rate Year 2020 Tax Year 2020 Tenant Pays Cable T.V.ElectricGasHeat Total Operating Expense 14700 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning B-1

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of .


© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-11-27T18:46:17.73.
 
https://bt-photos.global.ssl.fastly.net/gsmls/1280_boomver_1_3719195-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/1280_boomver_1_3719195-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/1280_boomver_1_3719195-2.jpg
Logo
Christie's International Real Estate Northern New Jersey
47 Maple Street
Summit NJ, 07901