1. New Jersey
2. Orange
3. 229 N Center Street

229 N Center Street, Orange, NJ 07050

• 5 beds |
• 4 baths

Property Description

Fully renovated two-family home in Orange, NJ, offers a prime investment or owner-occupied opportunity with rental income potential. The property features 5 bedrooms, 3 bathrooms, a finished basement with a full bathroom, and a spacious garden ideal for entertaining and off-street parking. The first-floor vacant unit includes 2 beds, a modern kitchen with stainless steel appliances, granite worktops, wooden floors, an alarm system, and an open layout. The second-floor unit, currently tenant-occupied, has 3 bedrooms and is rented for $2,350, offering immediate rental income. Both units have central air and forced heat. Shared washer/dryer hookups are located in the basement along with storage space. Conveniently located near shopping, parks, schools, and public transportation with easy access to NYC. The seller may consider concessions for strong offers over the list price to assist with closing costs. Seller financing may be considered for offers exceeding $700K with a minimum 25% down payment, no exceptions, and a maximum 24-month term. Potential rental income ranges from $5,900 to $7,000 per month, making it a compelling investment for cash flow. Buyers should be pre-qualified for $19,700 in annual property taxes. The previous buyer was unable to close due to a change in financial circumstances and was under contract for $680K, presenting a renewed opportunity for serious buyers to secure a turnkey investment. Don't miss out on this chance.

Listing Status:

Active

Date Added:

May 17, 2025 at 05:00AM

Listing Office:

EXP Realty, LLC : 866-201-6210

Listing Agent:

Darrell Bailey :

MLS ID:

25016738

Interior

• Rooms: 12
• Laundry: Basement

Location

Utilities

This listing courtesy of Darrell Bailey, EXP Realty, LLC