71 Beech Street

East Orange, NJ 07018

$729,000
Price
12
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great income-producing opportunity in east orange! Ideal for both investors and owner occupants, this unique property offers two HUGE multi-level duplex-style units. Currently fully rented, this property has a monthly rent roll of $9000 and an 11%+ cap rate! Unit 1 offers a generous 3 BR, 1 BA layout, large living room and EIK. The basement has a huge rec room, laundry, full BA, summer kitchen and 3 BRs. Convenient, separate basement entrance to the backyard. Unit 2 is an expansive 6 BR, 3 BA home...Great income-producing opportunity in east orange! Ideal for both investors and owner occupants, this unique property offers two HUGE multi-level duplex-style units. Currently fully rented, this property has a monthly rent roll of $9000 and an 11%+ cap rate! Unit 1 offers a generous 3 BR, 1 BA layout, large living room and EIK. The basement has a huge rec room, laundry, full BA, summer kitchen and 3 BRs. Convenient, separate basement entrance to the backyard. Unit 2 is an expansive 6 BR, 3 BA home spanning two levels. The first level offers a living room, modern EIK, primary with en suite, two more generous BRs, and a second full BA. This level also has a storage room and laundry room. The upstairs offers 3 more BRs and a full BA. The property has a dedicated lot with plenty of off-street parking. The home offers separate utilities including HWHs, and furnaces. Shopping, restaurants, services, public transportation and quick access to highways all within blocks.
  1. Listed by Hillel Weinberger • Nationwide Homes Realty • (732) 484-2890

Property Details for 71 Beech Street

Style
2 Family
Sub style
Top/Btm
Waterfront
None
Garage
O/See Remk

Location

Listing Courtesy of Nationwide Homes Realty, Hillel Weinberger
Add your commute
LISTING UPDATED: 05/04/2024 09:30 PM

Property Details for 71 Beech Street

StatusActive - Atty Revu
MLS #24011768
Days on Market13
Taxes$12,647 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of Nationwide Homes Realty, Hillel Weinberger
Add your commute

Payment Calculator

$5,032 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,978

Property Taxes

$1,054

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 71 Beech Street

Summary
Location and General Information
  • Area: 0705
  • Area name: East Orange
  • Flood plain: None
  • Street Name: Beech
  • County Name: ESSEX
  • Status: ACTIVE
  • Street Number Numeric: 71
  • Zip Code: 07018
Taxes and HOA Information
  • Tax: $12,647
Owner
  • Ownership: Private
Property
Lot Information
  • Lot: 00001
  • Year Built: 1900-1939
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 00511
Property and Assessments
  • Photo: Y
  • Photo Number: 42
  • CourtAppYN: Yes
Utilities
  • Sewer: Municipal
  • Utilities: Sep Heat
  • Heatcool: Gas
  • Cooling Type: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 12
  • Baths full: 5
  • Baths partial: 0
  • Floor 1St: Kitchen,Living,Dining,Bed,Bath,Finished basement
  • Floor 2Nd: Kitchen,Living,Dining,Bed,Bath
  • Basement: Finished, Full
  • Basement Description: Finished basement,Summer Kitchen,Beds,Bath
  • Number of rooms: 18
  • Laundry: In Unit
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, 1st Flr Primary Bdrm
  • Full Baths Total: 5
  • Num of Baths: 5.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $729,000.00
  • Listing Date: 04-19-2024
  • Status Date: 05-04-2024
  • Auction: *
Showing Information
  • Internet Remarks: GREAT INCOME-PRODUCING OPPORTUNITY IN EAST ORANGE! Ideal for both investors and owner occupants, this unique property offers two HUGE multi-level duplex-style units. Currently fully rented, this property has a monthly rent roll of $9000 and an 11%+ cap rate! Unit 1 offers a generous 3 BR, 1 BA layout, large living room and EIK. The basement has a huge rec room, laundry, full BA, summer kitchen and 3 BRs. Convenient, separate basement entrance to the backyard. Unit 2 is an expansive 6 BR, 3 BA home spanning two levels. The first level offers a living room, modern EIK, primary with en suite, two more generous BRs, and a second full BA. This level also has a storage room and laundry room. The upstairs offers 3 more BRs and a full BA. The property has a dedicated lot with plenty of off-street parking. The home offers separate utilities including HWHs, and furnaces. Shopping, restaurants, services, public transportation and quick access to highways all within blocks.
Rental
Rental Information
  • Floor Lease 1St: 8/11/24
  • Floor Lease 2Nd: 2/14/25

Property History for 71 Beech Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 71 Beech Street

Taxable ValueLand$68,900Additions$330,300Total$399,200
Tax Record2022$11,601 ($967 / month)
Home Facts
Beds0Total Finished SqFt3,717 SqFtAbove Grade Finished SqFt3,717 SqFtStories3Lot Size9,448 SqFtStyleSingle Family ResidenceYear Built1920CountyESSEXAPN05 00511-0000-00001

Schools near 71 Beech Street

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
Ecole T Loverture 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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71 Beech Street is a multi-family home for sale in East Orange, NJ 07018. This property was listed for sale on April 19, 2024 by Nationwide Homes Realty, it's currently listed at $729,000. It has been on the market for a total of 13 days and was last sold on October 28, 2021. This listing's school district is East Orange School District. Nearby schools include Ecole T Loverture School, John L Costley Middle School and Sojourner Truth Middle School. 71 Beech Street is a 12-bed, 5-bath, multi-family home.

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 Nationwide Homes Realty, Hillel Weinberger

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 10:59 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.