20 Wheeler Street
20 Wheeler Street
$665,000
8
4
—
—
—
Sold 1/6/23
Description
Great Investment property with 8% Cap Rate. 4 unit income producing opportunity in convenient location close to highways, transportation (Including Jitney to NYC Train) and Downtown West Orange Shops and Restaurants. All units occupied, Tenants currently on Month to Month leases. Only one of 4 garages currently rented so opportunity exists for immediate additional income. Some updates to baths and kitchens and new boiler in the past 5 years. Solid income stream that could be further improved with...Great Investment property with 8% Cap Rate. 4 unit income producing opportunity in convenient location close to highways, transportation (Including Jitney to NYC Train) and Downtown West Orange Shops and Restaurants. All units occupied, Tenants currently on Month to Month leases. Only one of 4 garages currently rented so opportunity exists for immediate additional income. Some updates to baths and kitchens and new boiler in the past 5 years. Solid income stream that could be further improved with some minor upgrades. Property being conveyed in "AS IS" condition with buyer responsible for municipal requirements. Income/Expense info attached to listing. Annual Rental Income $76,200 - Expenses $20,804 - NOI $55,396.
Listing Agent
Property Details for 20 Wheeler Street
Directions
Northfield Ave to Wheeler
Days On Market118
Location
LISTING UPDATED: 01/07/2024 03:02 AM
Property Details for 20 Wheeler Street
Status | Sold |
---|---|
MLS # | 3783118 |
Days on Market | 118 |
Taxes | $14,184 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Fourplex |
MLS Type | Multi Family |
Year Built | 1914 |
Lot Size | 0.12 AC / 5,227 SF |
County | Essex County |
Location
Building Information for 20 Wheeler Street
Stories-Residences4Year Built1914Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$4,811 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 20 Wheeler Street
Property History for 20 Wheeler Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 20 Wheeler Street
Taxable ValueLand$70,600Additions$260,500Total$331,100
Tax Record2022$14,691 ($1,224 / month)
Home Facts
Beds0Total Finished SqFt3,236 SqFtAbove Grade Finished SqFt3,236 SqFtStories2Lot Size5,441 SqFtStyleSingle Family ResidenceYear Built1914ZoningB-2CountyESSEXAPN22 00069-0000-00013
Schools near 20 Wheeler Street
This home is within West Orange Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Hazel Avenue Elementary School PublicK to 5 | ||
Roosevelt Middle School Public7 to 8 | ||
West Orange High School Public9 to 12 | ||
Washington Elementary School PublicPK to 5 |
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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.