228-236 Springdale Avenue East Orange, NJ 07017
Listing Courtesy of: NJMLS / Coldwell Banker Realty / Jill Biggs

  228-236 Springdale Avenue East Orange, NJ 07017

Active (8 Days)

Description

An exceptional chance to invest in a high-performing mixed-use property on Springdale Ave, offering both strong cash flow and long-term value appreciation. With a total rental income exceeding $17,000 per month, this well-maintained property provides a diverse mix of 5-commercial ,5-residential units and 5-car parkings space ensuring consistent revenue and stability. Situated in a high-demand area, this asset benefits from excellent visibility, good foot traffic, and proximity to transportation routes, making it an attractive location for businesses and residents alike. The surrounding neighborhood continues to grow, further enhancing its investment potential. With an asking price of $1,800,000, this turnkey property delivers a solid 8% cap rate, making it an exceptional opportunity for investors looking to expand their portfolio with a strong, income-generating asset.

MLS #:
25006713
Type
Multifamily
County
Essex County

Listed By

Jill Biggs, Coldwell Banker Realty
Source
NJMLS
Last checked Mar 12 2025 at 10:02 AM GMT+0000
Bathroom Details
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Disclaimer: Copyright 2025 NJMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/12/25 03:02