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20 Wheeler St

West Orange Twp., NJ 07052
  • $685,000
  • STATUS: Active Under Contract
  • ON SITE: 136 Days
  • MLS #: 3783118
Under Contract
UPDATED: 6 min ago
$685,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,236
    SQFT
  • $212
    $/SQFT
Type:
Multi-Family
Built:
1914
County:

School Ratings & Info

Description

Great Investment property with 8% Cap Rate. 4 unit income producing opportunity in convenient location close to highways, transportation (Including Jitney to NYC Train) and Downtown West Orange Shops and Restaurants. All units occupied, Tenants currently on Month to Month leases. Only one of 4 garages currently rented so opportunity exists for immediate additional income. Some updates to baths and kitchens and new boiler in the past 5 years. Solid income stream that could be further improved with some minor upgrades. Property being conveyed in "AS IS" condition with buyer responsible for municipal requirements. Income/Expense info attached to listing. Annual Rental Income $76,200 - Expenses $20,804 - NOI $55,396.

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Garden State MLS logo © 2022 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage. 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage 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 2022-10-02T11:47:06.55.
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20 Wheeler St West Orange Twp., NJ 07052

  • Price: $685,000
  • Status: Active Under Contract
  • On Site: 136 Days
  • Updated: 6 min ago
  • MLS #: 3783118
8
Beds
4
Baths
0
½ Baths
0.12
Acres
3,236
SQFT
$212
$/SQFT
1914
Built
County:
Essex
Area:
West Orange Twp.
Property Description
Great Investment property with 8% Cap Rate. 4 unit income producing opportunity in convenient location close to highways, transportation (Including Jitney to NYC Train) and Downtown West Orange Shops and Restaurants. All units occupied, Tenants currently on Month to Month leases. Only one of 4 garages currently rented so opportunity exists for immediate additional income. Some updates to baths and kitchens and new boiler in the past 5 years. Solid income stream that could be further improved with some minor upgrades. Property being conveyed in "AS IS" condition with buyer responsible for municipal requirements. Income/Expense info attached to listing. Annual Rental Income $76,200 - Expenses $20,804 - NOI $55,396.
Exterior Features

Approximate Lot Size 40X136 Color Of Building White Exterior Description Vinyl Siding Exterior Features DeckEnclosed Porch(Es)Metal Fence Garage Description Detached GarageSee Remarks Lot Description Level Lot Number Of Parking Spaces 4 Parking Driveway Description BlacktopOff-Street ParkingParking Lot-Shared Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling None Heating 1 UnitRadiators - Steam Total Number Of Rooms 16 Unit1 Appliances Equipment Range/Oven - GasRefrigerator Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Range/Oven - GasRefrigerator Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsEat-In KitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 331100 Building Assessment 260500 Easement Unknown Expenses Include HeatInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 76200 Home Warranty No Land Assessment 70600 Net Operating Income 55396 Sewer Public Sewer Tax Amount 14184 Tax Rate Amount 4.354 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 20804 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 1375 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 1600 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 1650 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit4 Rent 1600 Unit4 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : [IDXCONTACTINFORMATION].


Garden State MLS logo © 2022 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage. 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage 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 2022-10-02T11:47:06.55.
 
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