162 Tremont Avenue, Unit 2

East Orange, NJ 07018

$549,500
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to your newly renovated 2 unit home in the heart of East Orange. Boasting with 4 bedrooms, 2 modern bathrooms with a large finished basement and a prime location. This property presents a rare investment opportunity for those seeking both comfort and potential rental income. This home presents a great turnkey solution for the modern homeowner or investor opportunity to generate steady monthly rental income between $4800-5500 + or the possibility of owner-occupancy with rental income potential....Welcome to your newly renovated 2 unit home in the heart of East Orange. Boasting with 4 bedrooms, 2 modern bathrooms with a large finished basement and a prime location. This property presents a rare investment opportunity for those seeking both comfort and potential rental income. This home presents a great turnkey solution for the modern homeowner or investor opportunity to generate steady monthly rental income between $4800-5500 + or the possibility of owner-occupancy with rental income potential. Step into each unit to find a spacious open plan features with a seamless blend of modern aesthetics with functionality. Each kitchen is a culinary haven, equipped with stainless steel appliances, sleek cabinetry, and ample counter space. The living areas are bathed in natural light and hardwood flooring, creating an inviting atmosphere great for entertaining, providing residents with a private retreat after a busy day. Making this property ideal for diverse housing needs. Enjoy the outdoors in the large private yard, perfect for gatherings, barbecues, simply unwinding. Close to all modes of public transportation and South Orange, East Orange VA & Carewell Medical Center. Minutes away from I-280 and Garden State Pkwy and a easy commute to New York. Pls submit your best offer at your nearest convenience to avoid any disappointment. The LA has a legal interest in this property.
  1. Listed by DARRELL BAILEY • EXP REALTY, LLC

Property Details for 162 Tremont Avenue, Unit 2

Directions
South Clinton Street to Tremont Ave.
Days On Market
22

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY
Add your commute
LISTING UPDATED: 04/19/2024 06:05 PM

Property Details for 162 Tremont Avenue, Unit 2

StatusActive
MLS #3893180
Days on Market38
Taxes$8,927 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1930
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY
Add your commute

Building Information for 162 Tremont Avenue, Unit 2

Stories-Residences2Year Built1930Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$3,743 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,999

Property Taxes

$744

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 162 Tremont Avenue, Unit 2

Summary
Location and General Information
  • Zoning: R2
  • Active Days on Market: 18
  • Renovated Year: 2024
  • County #: Essex
  • Town Name: East Orange City
  • Block Identifier: 471
  • Listing Type: Exclusive Right to Sell
  • Color of Building: BROWN/WHIT
  • Town #: 1605.0
  • Unit #: 2
  • Street # Display: 162.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Tremont Ave
  • Zip Code: 07018-1044
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,927
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 281800.0
  • Tax ID For Property: 1605-00471-0000-00001-0001-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
  • Garage Description: None
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 1.01
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1930
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 204900.0
  • Assessment Land: 76900.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool, Window A/C(s)
  • Utilities: All Underground
  • Water: Public Water
  • Heating: 2 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Metal Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, See Remarks, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 9999.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, See Remarks, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 9999.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living/Dining Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 9999.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $281,800.00
  • Net Operating Income: $99,999,999.00
  • Gross Operating Income: $9,999,999.00
Rental
Rental Information
  • Home Warranty: false

Property History for 162 Tremont Avenue, Unit 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 162 Tremont Avenue, Unit 2

This home is within East Orange School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Benjamin Banneker Academy
PublicPK to 6

John L Costley Middle School
Public6 to 8

Sojourner Truth Middle School
Public6 to 8

Patrick F Healy Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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162 Tremont Avenue, Unit 2 is a multi-family home for sale in East Orange, NJ 07018. This property was listed for sale on March 28, 2024 by EXP REALTY, LLC, it's currently listed at $549,500. This listing's school district is East Orange School District. Nearby schools include Benjamin Banneker Academy, John L Costley Middle School and Sojourner Truth Middle School. 162 Tremont Avenue, Unit 2 is a 4-bed, 2-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/05/2024 08:29 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.