Description
1164 South Orange Ave is a two family rental property with extensive income potential, an ideal location close to Seton Hall campus, and updates throughout.This property offers lucrative income opportunity from two units, as well as garage rentals and paid laundry machines. The current owners have had zero vacancy since 2009, and have completed major capital improvements during their ownership including roof replacement, majority window replacement, kitchen/bathroom updates, and siding replacement. Rent has the potential to increase in correlation with market value, and existing leases based on the University schedule/habitable cadence.1164 South Orange Ave has an impressive footprint, recent upgrades, and a consistent stream of eligible renters in a location that has regular and reliable needs for housing opportunities, creating the ideal climate for steady return on investment. Don't let this stellar opportunity pass you by.
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8BEDS
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0.11ACRES
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3BATHS
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11/2 BATHS
Description
1164 South Orange Ave is a two family rental property with extensive income potential, an ideal location close to Seton Hall campus, and updates throughout.This property offers lucrative income opportunity from two units, as well as garage rentals and paid laundry machines. The current owners have had zero vacancy since 2009, and have completed major capital improvements during their ownership including roof replacement, majority window replacement, kitchen/bathroom updates, and siding replacement. Rent has the potential to increase in correlation with market value, and existing leases based on the University schedule/habitable cadence.1164 South Orange Ave has an impressive footprint, recent upgrades, and a consistent stream of eligible renters in a location that has regular and reliable needs for housing opportunities, creating the ideal climate for steady return on investment. Don't let this stellar opportunity pass you by.
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Data last updated 2023-10-04T22:46:23.333.