About 94 S Munn Avenue 47
This 6-story, 43-unit apartment building presents a strong value-add investment opportunity in a desirable, high-demand rental market. The property features a mix of unit types, ranging from efficient studios to spacious 3-bedroom apartments, catering to a broad tenant base. Approximately 40% of the units have been tastefully renovated, offering updated interiors with modern finishes. The building is rent de-controlled upon vacancy, providing significant upside potential as units turn over. Roof improvements are currently underway, the roofing project will be completed upon purchase - ensuring long-term building integrity and reduced future maintenance costs. Some off-street parking is available around the property, adding convenience for residents. With strong rental demand, a flexible unit mix, and ongoing capital improvements, this asset is well-positioned for an investor seeking stable income with room for growth.
Features of 94 S Munn Avenue 47
| MLS® # | 2601612R |
|---|---|
| Price | $6,400,000 |
| Square Footage | 44,135 |
| Year Built | 1911 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 94 S Munn Avenue 47 |
|---|---|
| City | East Orange |
| County | Essex |
| State | NJ |
| Zip Code | 07018 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Gas In Street, See Remarks |
|---|---|
| Parking Spaces | 10 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Radiant-Hot Water, Radiators-Steam |
|---|---|
| Cooling | None, Window Unit(s) |
| Fireplace | No |
| # of Stories | 6 |
| Has Basement | No |
Exterior
| Lot Description | Near Public Transit, Near Shopping, Corner Lot |
|---|---|
| Roof | Asphalt, Flat |
Additional Information
| Days on Market | 76 |
|---|---|
| Zoning | 128600 |
Listing Details
| Office | J.J. ELEK REALTY CO. |
|---|