Excellent opportunity for both investors and owner-occupants! This well-maintained multi-unit property features three units, consisting of two 3-bedroom units and one 1-bedroom unit, offering strong rental potential and flexibility. Perfect for a buyer looking to live in one unit while generating income from the others.The two 3-bedroom units are spacious and very well maintained, reflecting consistent upkeep throughout ownership. The entire property has no major issues, with all mechanicals in good working condition, making this a true turnkey investment.Projected fair market rents for all three units exceed $7,000 per month, offering investors the potential for over a 10% cap rate. This makes it an ideal addition to any portfolio or a high-performing first investment.Additional highlights include a full basement providing ample storage or potential for additional use. The layout and unit mix make this a prime long-term hold or house-hack opportunity.Don't miss your chance to own a solid, income-producing property in a desirable market.
550 Norwood St, East Orange City NJ 07018-1171
Property City
East Orange City
Property Price
$599,900
Rooms
10
Bedrooms
7
Bathrooms
3.00
Year Built
1925
Tax Annual Amount
$12322
TaxYear (*text)
2025
BathroomsFull
3
Roof (*text)
See Remarks
Lot Size Area
0.06
MLS Status
Active
MLS #
4018204
Yearly Tax Rate
3.241
Year Built (*numeric)
1925
Basement
Yes
Roofing (*text)
See Remarks
Basement (*text)
Yes
Cooling (*text)
See Remarks
FireplacesTotal (*text)
0
GarageSpaces
1
Heating
See Remarks
Lot Size Dimensions
25X100
Data import from
GSMLS