East Orange colonial single-family home presents an exceptional investment opportunity. Boasting 4 bedrooms, 3.5 bathrooms, and spread over 3 floors, this property offers endless possibilities for customization and enhancement. With low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept, seamlessly integrating the living and dining areas, complemented by a convenient breakfast bar. The first floor features a spacious master bedroom with an ensuite bathroom and an additional half bathroom, providing comfort and convenience. The 2nd fl offers 2 generously sized bedrooms with access to an exterior deck, perfect for entertaining guests. The 3rd fl bedroom encompasses 2 walk-in closets, a full bathroom. The current owners lender estimated after-repair value of $525-550K+. With pending permits, there's an opportunity for the buyer to continue the project, unlocking even greater potential. Options abound to enhance the property's value, including extending the home on the second floor and replacing the deck to create additional rooms and a bathroom. Alternatively convert into a 2-family home with relevant city approvals. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value to $600-650K+. Located near all modes of public transportation and just minutes from I-280 and Garden State Parkway, easy commute to NY. Direct end buyers only; no wholesalers pls. LA has a legal interest.
Property Type :
Single Family
County :
Essex
Style :
Single Family
Sell a home like this and save $17,471 Find Out How
ByOwner last updated this listing 05/01/2024 @ 21:09
MLS: 3894864
LISTED BY: , EXP REALTY, LLC
SOURCE: Garden State MLS - New Jersey
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
