21-23 Lafayette Street, West Orange, NJ 07052

$620,000
8
BD
4
BA
Sold Price
$620,000
List Price
$620,000
Status
SOLD
MLS#
22017509
Closing Date
Sep 12, 2022
Bedrooms
8
Bathrooms
4
County
Essex
City
West Orange
Year Built
1900

Property Description

Asking $649,000. This is a rare great condition legal 4 unit building. One parking space. Unit 1: 2 bed/1 bath, Rented for $1,200. Unit 2: 1 bed/1 bath, Rented for $1,250 (could convert to a 2 bed). Unit 3: 2bed/1 bath, Rented for $1,285. Unit 4: 2 bed/1 bath, Rented for $1,180. All fair market rents are $1,600-$1650 for these units, rented under market value! Current Annual Rent- $58,980. Current Annual Expenses- $28,801. NOI- $30,179. The Building has all separate utilities. All units are central ac/forced hot air. Attached is the Income/Expense Report for others to reference

Additional Information

Style
4 Family
Substyle
Other
Fireplace
None
Basement
Unfinished
Garage
Park Space
Waterfront Description
None
Miscellaneous
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Christopher P. Pillari ((201) 433-5500) from Listing Office: Boutique Realty, LLC.

Sold listing courtesy of Listing Agent: Outside Outside Salespers from Listing Office: Outside Broker.

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Source: New Jersey Multiple Listing Service, Inc.
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