157 N 15Th St, East Orange City, NJ 07017

Property Description

Early 2000s three-story multi-unit build with decorative stucco facade featuring two spacious 3-Bed/2-Full Bath residences on 2nd/3rd Levels with identical floor plans inclusive of open-concept living/dining areas, well-appointed dual-entry galley-style kitchen, closet storage and in-unit laundry hookup. 3rd Level unit features enclosed rear egress to backyard plus drop-down step entry into attic crawl space for easy mechanical access. Separately metered utility setup for electrical, hot water and HVAC ventilation respectively. Amenities entail finished above-grade ground level bonus space w/ half bath, storage & side egress. Ample off-street parking for up to four vehicles from built-in 2-car garage plus fenced-in 2-car width open surface driveway.*For investors of manageable low-maintenance multifamily, local median market rents ranging $2,590?$3,200 per three-bedroom unit position the property to potentially generate gross income to the sum of $5,180/monthly or $62,160/yr conservatively with full tenancy. *Rental estimates based on prevailing market rents and are not guaranteed. Actual rents may vary depending on unit condition, lease terms, amenities, and market conditions. For owner-occupants, leveraging rental income from one unit to help offset mortgage expense while building equity. High walkability to public bus transportation and within one-mile of NYC commuter rail service (NJ Transit) and major highways.