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1164 South Orange Avenue, South Orange, NJ
Exclusive off-market investment opportunity! 1164 South Orange Ave is a two family student 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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Property Details
| Property Type | Residential |
|---|---|
| LotSize | 0.11 acres |
| Year Built | 1904 |
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Reviews
Kate was absolutely fantastic! She is an absolute pleasure to work with and really made the process a breeze. She is extremely knowledgable about Maplewood, South Orange, and the surrounding area....
06/17/2024 - user671030
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Kate Elliot was the realtor I worked with to sell my home in South Orange. No one knows the Maplewood/South Orange market better than she! I was a hesitant seller, not always easy to deal with. Kate...
06/10/2023 - user86799152
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Kate is truly an INCREDIBLE Realtor! From the very first time we met her at our house of 24 years until we moved into our beautiful new home a number of months later, we felt incredibly cared for by...
08/23/2022 - mslowenthal
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Kate Elliot is hands down the best realtor in Maplewood, South Orange, and surrounding areas. She's thorough, detailed, and extremely knowledgeable. She also lives locally, which I feel adds to any...
08/09/2022 - jenastarkey
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Kate is outstanding agent. My wife and I were happy to experience both selling and buying through her at the same time. Kate went above and beyond in our few months working together. The highlight...
08/02/2022 - zuser20160229161204985
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View more reviewsWe couldn't have asked for a better realtor than Kate, she is fantastic at what she does and always a pleasure to interact with. This is the 2nd home we have purchased with Kate. Each time Kate made...
07/14/2022 - GeorgieSacramento
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