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95 Ashland Avenue West Orange
Multifamily | 12 Units | $141,667/unit
Listing Contacts
LF License: NJ 0897356
Active
Asking Price: $1,700,000
Earnest Money Deposit: 5% min.
Address
95 Ashland Ave, West Orange, NJ 07052
Show on MapDate Added
Jan 21, 2025
Days on Market
56 days
Time Since Last Update
21 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
Cap Rate4.50%
Pro-Forma Cap Rate10.57%
Occupancy100%
Occupancy Date01/21/2025
NOI$76,489
Pro-Forma NOI$179,659
Units12
Price/Unit$141,666.67
Marketing Description
For Sale: 95 Ashland Avenue: Investment with Strong Upside Potential
Well-located, income-generating multi-family building in West Orange—strategically situated near commercial buildings and major roadways, offering excellent access to transit and local amenities.
Property: 95 Ashland Avenue: 12-Unit Building
• Unit Mix: 12 x 2-bedroom apartments
• Key Features: Separate metering for hot water, heat, cooking gas, and electricity ensures minimal landlord expenses.
• Parking: Onsite parking available for residents.
• Upside Potential: 12-unit building offers substantial upside by increasing rents, capitalizing on below-market rental rates in the area.
This investment presents a compelling value-add opportunity in a prime location with strong demand for rental properties. With the ability to adjust rents to market rates, these properties are primed for significant cash flow growth and long-term appreciation.
Investment Highlights
Contact Lauren for more information 908 230 1599
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,489.00
$6,374.08/mo
Valuation Metrics
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0
DSCR
4.5%
Cap Rate
4.5%
ROI
Property History
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Due Diligence
Listing Contacts
LF License: NJ 0897356
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Broker Information
Broker Information
Broker Name
Lauren Federgreen
Broker License
NJ 0897356
Brokerage Name
Rose Real Estate LLC
Broker Title
Broker
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