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Turnkey two-family investment opportunity in the heart of Orange?s vibrant Valley Arts District?fully renovated in 2021 and already generating strong income with additional upside.Each unit offers 2 bedrooms and 1 full bathroom, thoughtfully updated to blend modern convenience with clean, functional design. Both apartments feature stylish kitchens with stainless steel appliances (including dishwashers), in-unit stackable washer/dryers, and fully renovated bathrooms. Refinished hardwood floors and reconfigured layouts enhance flow and livability throughout.Major 2021 capital improvements include updated electrical and plumbing systems, new kitchens and baths, and the addition of individual mini-split systems in each unit for efficient heating and cooling?keeping operating costs predictable and appealing to tenants.Both units enjoy access to a private back yard - a desirable feature in the neighborhood. Ideally situated just moments from local favorites including Libretti?s and Hat City Kitchen, and approximately two blocks from Highland Place NJ Transit station, offering convenient access to NYC and surrounding areas.Financial Highlights:Current Monthly Income: $4,125Potential Rent Increase: Unit 1 currently listed at $2,250Monthly Operating Expenses: $1,373Net Operating Income (NOI): $33,024 annuallyA clean, income-producing asset with modern systems already in place?ideal for investors or owner-occupants seeking low-maintenance ownership with strong fundamentals.
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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.... Read more 06/17/2024 - user671030
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.... Read more
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... Read more 06/10/2023 - user86799152
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... Read more
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... Read more 08/23/2022 - mslowenthal
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... Read more
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... Read more 08/09/2022 - jenastarkey
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... Read more
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... Read more 08/02/2022 - zuser20160229161204985
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... Read more
We 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... Read more 07/14/2022 - GeorgieSacramento
We 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... Read more
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