NJ
Essex
East Orange City
07018
550 Norwood St
550 Norwood St, East Orange City, NJ 07018
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Listing Type
Single Family
Listing Status
Pending
41
$574,900

Home Details for 550 Norwood St

Price
$574,900
Type
Residential
Bedrooms
7
Total Bathrooms
3
Full Bathrooms
3
Year built
1925
Lot size acres
0.06
County
Essex
Total rooms
10
Garage
1
Basement
Full, Unfinished
Days on site
61
MLS Listing#
4018204
Property Description

Excellent opportunity for both investors and owner-occupants! This well-maintained multi-unit property features three units, consisting of two 3-bedroom units and one 1-bedroom unit, offering strong rental potential and flexibility. Perfect for a buyer looking to live in one unit while generating income from the others.The two 3-bedroom units are spacious and very well maintained, reflecting consistent upkeep throughout ownership. The entire property has no major issues, with all mechanicals in good working condition, making this a true turnkey investment.Projected fair market rents for all three units exceed $7,000 per month, offering investors the potential for over a 10% cap rate. This makes it an ideal addition to any portfolio or a high-performing first investment.Additional highlights include a full basement providing ample storage or potential for additional use. The layout and unit mix make this a prime long-term hold or house-hack opportunity.Don't miss your chance to own a solid, income-producing property in a desirable market.

Property Features
  • Basement
    • Full
    • Unfinished
  • Heating Information
    • Electric
  • House Interior
    • Eat-in Kitchen
Listing Courtesy: EXP REALTY, LLC - 866-201-6210
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Office
973 746 4777
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