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Apartment Complex For Sale

481 William St, East Orange City, Essex 07017-2225

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Property Description

This superb investment FOUR story brick 26 UNIT building offering 15 one bedroom units and 11 two bedroom units is nestled in prime location, surrounded by many new constructions as large redevelopments are happening very quickly in this vicinity. Property is well maintained. Boiler and hot water heater under 5 years old. Elevator 2006, roof redone multiple times since ownership, last update 2018. Most rentals are below market value and have much more potential. 4 units are in process of renovation, will be rented during contract at new market value. ALL units have been renovated in full 20 years ago, and many were renovated prior to getting re-rented. All units are in great condition. Super on premises. Security cameras are all in place and included in the sale. Located few mins from the train station and nestled between the Garden State Parkway and Route 280, super convenient! Most rentals are below market value. The current income is great, and the potential income is hard to pass! Call for details.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4014919
Price:
$4,299,000
Year Built:
1955
Lot Area:
0.19 Acre
Status:
Under Contract
Office Name:
KELLER WILLIAMS PROSPERITY REALTY
Roof:
Flat
Features
Heating System:
1 Unit
Cooling System:
See Remarks
Basement:
Full, Finished-Partially
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
East Orange City
Zipcode:
07017-2225
Street:
William St
Street Number:
481
Longitude:
W75° 47' 6.8''
Latitude:
N40° 45' 58.9''
Directions:
Nestled between Route 280 AND the Garden State Parkway. Main Street to Ashland to William or Park Ave to N Clinton or Lincoln to William.
Zoning:
Residential
Additional Information
Lot Size Dimensions:
55X149
Water Source:
Public Water
Stories Total:
4
Number Of Units Total:
26
Financial
Tax Annual Amount:
81277
Listing Information
List Agent Mls Id:
276027
List Office Mls Id:
5371
Mls Status:
Under Contract
Modification Timestamp:
2026-05-15T16:16:13Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4014919
Lot Area:
0.19 Acre
$4,299,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com