NJ
Essex
East Orange
07018
94 S Munn Avenue
94 S Munn Avenue, East Orange, NJ 07018
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Listing Type
Commercial/Industrial
Listing Status
active
17
$6,400,000

Home Details for 94 S Munn Avenue

Price
$6,400,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
44135
Year built
1911
County
Essex
Garage
Days on site
17
MLS Listing#
2601612R
Property Description

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.

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Property Features
  • Utilities
    • Electricity Connected
    • Natural Gas Connected
    • See Remarks
    • Natural Gas Available
  • Cooling Information
    • None
    • Window Unit(s)
  • Heating Information
    • Radiant
  • Water Features
    • Public
Listing Courtesy: J.J. ELEK REALTY CO. - 732-634-9100
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Middlesex County MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Office
973 746 4777
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