194 Shepard Avenue

East Orange, NJ 07018

$450,000
Last Sold Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Investment Property in desirable East Orange! For Investor Or First Time Home Hackers! Great CAP rate! 2-family, owner occupy or rent all units. Have your tenants pay the mortgage! Virtual Tours available. Easily Add Another Bedroom on Each Floor. All Electrical and Plumbing has been redone. Two (2) heating systems, two (2) water heaters. All Separate Utilities! A dedicated electrical panel on basement! Excellent Location. Close to shopping and all public transportation. Renovated. New floors....Great Investment Property in desirable East Orange! For Investor Or First Time Home Hackers! Great CAP rate! 2-family, owner occupy or rent all units. Have your tenants pay the mortgage! Virtual Tours available. Easily Add Another Bedroom on Each Floor. All Electrical and Plumbing has been redone. Two (2) heating systems, two (2) water heaters. All Separate Utilities! A dedicated electrical panel on basement! Excellent Location. Close to shopping and all public transportation. Renovated. New floors. Freshly painted. All kitchen appliances Cooktop Oven, Refrigerator included Sold AS-IS. Move right in, needs nothing. Turnkey Investment Opportunity! MULTIPLE OFFERS RECEIVED: Showings through the end of Wednesday 3/23. Submit your offers by 5pm on Wednesday 3/23.
  1. Listed by CARLOS TAM • WEICHERT REALTORS CORP HQ

Property Details for 194 Shepard Avenue

Directions
Rt 280 Oraton Parkway to Central Ave. Left on Shepard Ave. Between Elmwood Ave. & Rhode Island Ave.
Days On Market
24
Section/Subdiv/Development
Elmwood Park

Location

Add your commute
LISTING UPDATED: 05/18/2023 03:03 AM

Property Details for 194 Shepard Avenue

StatusSold
MLS #3768743
Days on Market24
Taxes$8,434 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1930
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Location

Add your commute

Building Information for 194 Shepard Avenue

Stories-Residences2Year Built1930Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$3,159 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$703

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 194 Shepard Avenue

Summary
Location and General Information
  • Middle/Jr High School: P HEALY
  • Grade School: L HUGHES
  • High School: E ORANGE
  • Active Days on Market: 24
  • Renovated Year: 2020
  • County #: Essex
  • Town Name: East Orange City
  • Block Identifier: 430
  • Listing Type: Exclusive Right to Sell
  • Street # Display: 194.0
  • # Parking Spaces: 5
  • County Or Parish: Essex
  • Street Name: Shepard Ave
  • Zip Code: 07018-2442
  • Total Units: 2
Taxes and HOA Information
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,434
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 154200.0
  • Tax ID For Property: 1605-00430-0000-00033-0000-
  • Tax Rate Amount: $6
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Blacktop
  • Garage Description: None
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 33
  • Approximate Lot Size: 35X120
  • Total Acres: 0.1
  • Construction Date/Year Built: 1930
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 105100.0
  • Assessment Land: 49100.0
  • Farm Assessment: No
Utilities
  • Cooling: Ceiling Fan, Window A/C(s)
  • Services: Cable TV Available, Fiber Optic Available
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Baseboard - Hotwater, Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Metal Fence
Interior Features
  • Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Shades, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Flat, Rubberized
  • Basement: Yes
  • Basement Description: Full, Slab, Unfinished, Walkout
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CeilFan, CookGas, KitExhFn, RgOvGas, Refrig, SmokeDet
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 01-30-2022
  • 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: 1750.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Pantry, Storage
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2625.0
  • Unit 1 Sq Ft: 1188.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, CeilFan, CookGas, KitExhFn, RgOvGas, Refrig, SmokeDet
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 01-30-2022
  • 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: 1275.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Pantry, Storage
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1950.0
  • Unit 2 Sq Ft: 1188.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $9,600.00
  • Expenses Include: Cold Water, Insurance, Taxes
  • Net Operating Income: $33,600.00
  • Gross Operating Income: $43,200.00
Rental
Rental Information
  • Home Warranty: true

Property History for 194 Shepard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 194 Shepard Avenue

Taxable ValueLand$84,200Additions$207,000Total$291,200
Tax Record2022$8,462 ($705 / month)
Home Facts
Beds0Total Finished SqFt2,176 SqFtAbove Grade Finished SqFt2,176 SqFtStories2Lot Size4,199 SqFtStyleSingle Family ResidenceYear Built1930CountyESSEXAPN05 00430-0000-00033

Schools near 194 Shepard Avenue

This home is within East Orange School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Langston Hughes School
PublicPK to 5

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.

Similar Homes

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Similar Sold Homes

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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 WEICHERT REALTORS CORP HQ, CARLOS TAM

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 05/04/2024 05:00 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.