126 Chestnut Street,East Orange, NJ 07018
East Orange, NJ 07018
Description
Exceptional 2-family investment opportunity in East Orange with strong income and value-add potential. The first-floor unit features 2 bedrooms, 1 full bath, and beautiful hardwood flooring throughout, with the flexibility to easily convert into a 3-bedroom layout. The second unit spans the 2nd and 3rd floors, currently configured as a spacious 4 bedroom, 1 bath, 1 office with the potential to expand into a 5 bedroom unit ideal for maximizing rental income. Additional highlights include a full unfinished basement with an existing bathroom, offering further expansion possibilities. Separate utilities provide convenience for both owner-occupants and investors. The property also features a private backyard and an extended driveway for ample off-street parking. Conveniently located near transportation, shopping, and schools, this property is perfectly positioned for both commuters and tenants. Whether you're looking to live in one unit and rent the other or fully capitalize on its income potential, this is a rare opportunity with significant upside.
Details
| MLS # | 26014939 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Attorney Review |
| Days On Site | 162 |
| Listing Provided By | Keller Williams Realty - NJ Metro Group | Kevin Collymore |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
Interior
| Rooms | 12 |
|---|---|
| Laundry | See Remarks |
Parking
| Number Of Garage Spaces | 0 |
|---|
Utilities
| Utilities | Sep Elec |
|---|
Taxes
| Taxes | 10692 |
|---|
Area Information
| State | NJ |
|---|---|
| County | ESSEX |
| City | East Orange |
| Zip Code | 07018 |
| Area | East Orange |
| Listing VS Median (in 07018) | |
Price: $510,000 low | high Med: $0 On site: 162 low | high Med: | |
Market Activity 07018
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Learn More About This Property
| State | NJ |
|---|---|
| County | ESSEX |
| City | East Orange |
| Zip Code | 07018 |
| Area | East Orange |
| Listing VS Median (in 07018) | |
Price: $510,000 low | high Med: $0 On site: 162 low | high Med: | |
