East Orange City, NJ 07017,228-236 Springdale Ave
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East Orange City, NJ 07017,228-236 Springdale Ave
East Orange City, NJ 07017,228-236 Springdale Ave
East Orange City, NJ 07017,228-236 Springdale Ave
East Orange City, NJ 07017,228-236 Springdale Ave
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$ 1,800,000
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228-236 Springdale Ave East Orange City, NJ 07017

0.26 Acres Lot


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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3949031

Year Built 1915

Annual Tax Amount $33,354

Tax Year 2024

Lot Size 0.260 Acres

Property Sub-Type Mixed Use

Property Description

An exceptional chance to invest in a high-performing mixed-use property on Springdale Ave, offering both strong cash flow and long-term value appreciation. With a total rental income exceeding $17,000 per month, this well-maintained property provides a diverse mix of 5-commercial ,5-residential units and 5-car parkings space ensuring consistent revenue and stability.Situated in a high-demand area, this asset benefits from excellent visibility, good foot traffic, and proximity to transportation routes, making it an attractive location for businesses and residents alike. The surrounding neighborhood continues to grow, further enhancing its investment potential.With an asking price of $1,800,000, this turnkey property delivers a solid 8% cap rate, making it an exceptional opportunity for investors looking to expand their portfolio with a strong, income-generating asset.

Location

State NJ

County Essex

Zoning COM/RES

Interior

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Exterior

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Utilities Available See Remarks

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Building

Story 2

Sewer See Remarks

Water See Remarks

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by COLDWELL BANKER REALTY

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Thomas Ciccarone

Sales Associate | License ID: 1867455

+1(908) 448-8050

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228-236 Springdale Ave