222 William St
Property Description
Rare opportunity to acquire a vacant 4-family property situated on an oversized 115' * 115' gated corner lot in East Orange, offering immediate flexibility and long-term potential. Delivered vacant at closing, this property is well suited for investors, owner-occupants, house hackers, furnished rental operators, and buyers seeking to implement their own investment strategy from day one. Three of the four apartments have been updated, while the remaining apartment presents an opportunity for cosmetic improvements and future value enhancement. The property also includes eight detached garages in two separate structures, creating additional opportunities for parking, storage, or supplemental rental income in a market where off-street parking is in high demand. An unfinished walk-up attic provides additional expansion potential, and engineering subdivision concept drawings have been prepared for buyers who wish to evaluate future property improvements. All expansion and development concepts are subject to buyer due diligence, municipal approvals, and any required variances. Conveniently located approximately eight minutes from the East Orange NJ Transit station with direct service to New York Penn Station and offering convenient access to Route 280, the Garden State Parkway, shopping, parks, and ongoing redevelopment throughout the surrounding area.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $849,900 |
| No. of Units: | 4 |
| Year Built: | 1925 |
| Lot Size: | 2,956.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $212,475 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-GSMLSNJ-4027309
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
225-227 E Garfield Ave
New Castle, Pennsylvania
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout