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129 N Walnut St
East Orange, NJ 07017
Walnut Garden Apartments · Immeuble residentiel Bien À vendre
·
49 Lots
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 41-Unit Stabilized Multifamily Asset - Four-story pre-war brick building with durable construction, efficient layouts, and strong in-place occupancy p
- Clear Value-Add Upside Through Rent Repositioning - In-place rents average approximately $1,262/unit with 15–25% upside through turnover, renovation,
- Transit-Oriented Location - Less than 0.5 miles to both East Orange and Brick Church NJ Transit stations with direct access to Newark and NYC.
- Consistently High Occupancy - The property maintains strong occupancy levels with predictable annual turnover, supporting ongoing rent growth through
- Separately Metered Utilities - Tenants pay for individual electric and gas, limiting ownership exposure; landlord covers water, sewer, and common area
- Supply-Constrained, Improving Submarket - Surrounded by significant redevelopment including The Crossing at Brick Church, Aura 240, and The Modern, re
Résumé analytique
Marcus & Millichap is pleased to present Walnut Garden, a 41-unit, four-story brick apartment building located at 129 N Walnut Street in East Orange, New Jersey. The property offers investors a stabilized, cash-flowing multifamily asset with meaningful upside through operational efficiencies and rent repositioning.
Walnut Garden maintains consistently high occupancy with predictable annual turnover, providing stable in-place income while allowing for periodic rent resets upon re-leasing. The property benefits from separately metered utilities and durable pre-war construction. Located less than half a mile from both the East Orange and Brick Church NJ Transit stations, the asset provides direct access to Newark and Manhattan and sits within a rapidly improving, transit-oriented corridor. With nearby large-scale redevelopment and below-market in-place rents, Walnut Garden represents an opportunity to acquire scale, stability, and long-term growth in a supply-constrained Northern New Jersey submarket.
Walnut Garden maintains consistently high occupancy with predictable annual turnover, providing stable in-place income while allowing for periodic rent resets upon re-leasing. The property benefits from separately metered utilities and durable pre-war construction. Located less than half a mile from both the East Orange and Brick Church NJ Transit stations, the asset provides direct access to Newark and Manhattan and sits within a rapidly improving, transit-oriented corridor. With nearby large-scale redevelopment and below-market in-place rents, Walnut Garden represents an opportunity to acquire scale, stability, and long-term growth in a supply-constrained Northern New Jersey submarket.
Informations sur l’immeuble
| Prix par lot | 90 921 € | Surface du lot | 0,14 ha |
| Type de vente | Investissement | Surface de l’immeuble | 3 888 m² |
| Nb de lots | 49 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 4 |
| Sous-type de bien | Appartement | Année de construction | 1930 |
| Style d’appartement | De hauteur moyenne | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | R-4, E Orange City | ||
| Prix par lot | 90 921 € |
| Type de vente | Investissement |
| Nb de lots | 49 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,14 ha |
| Surface de l’immeuble | 3 888 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 4 |
| Année de construction | 1930 |
| Zone de développement économique [USA] |
Oui |
| Zonage | R-4, E Orange City |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Chauffage
- Cuisine avec coin repas
- Cuisine
- Accès internet à haut débit
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- CVC contrôlé par l’occupant
- Ascenseur
- Transports en commun
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 37 | - | 77 |
| 2+1 | 11 | - | 86 |
Taxes foncières
| Numéro de parcelle | 05-00363-0000-00008 | Évaluation des aménagements | 2 395 469 € |
| Évaluation du terrain | 1 007 440 € | Évaluation totale | 3 402 909 € |
Taxes foncières
Numéro de parcelle
05-00363-0000-00008
Évaluation du terrain
1 007 440 €
Évaluation des aménagements
2 395 469 €
Évaluation totale
3 402 909 €
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