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71 Beech St, East Orange, NJ 07018
$729,000
71 Beech St, East Orange, NJ 07018View this property at 71 Beech St, East Orange, NJ 07018
71 Beech StEast OrangeNJ07018
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Property Description
GREAT INCOME-PRODUCING OPPORTUNITY IN EAST ORANGE! Ideal for both investors and owner occupants, this unique property offers two HUGE multi-level duplex-style units. Currently fully rented, this property has a monthly rent roll of $9000 and yields a generous cap rate - of 11% plus! The home is inviting with huge porches on the front and back and sits on a large corner lot. Unit one offers a generous 3 bedroom, 1 bath layout on the first floor, complete with a large living room with coat closet and lovely eat-in kitchen. Enjoy amenities like walk-in closets, updated flooring and baths, and high ceilings. This unit also offers a fully finished basement. The basement has a huge rec room, laundry area, full bath, summer kitchen and 3 bedrooms. Occupant can also enjoy the convenience of a separate basement entrance to the backyard. Unit 2 is an expansive 6 bedroom, 3 bath home spanning two levels. The first level offers a living room, modern eat-in kitchen, primary bedroom with en suite, two more generous bedrooms, and a second full bath. This level also has a storage room and laundry room. The upstairs offers 3 more bedrooms with generous closets and a full bath. Occupants can enjoy a dedicated parking lot with plenty of off street parking. The home offers separate utilities including hot water heaters, and furnaces. Located in a bustling neighborhood, residents can enjoy shopping, restaurants, services, public transportation and quick access to highways all within blocks.
Full Property Details
Full Property Details for 71 Beech St
General
- Price: $729,000
- Taxes: $12,647 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3897148
- Updated: 4/19/2024
- Added to Site: 26 day(s) ago
Interior
- Number of Rooms: 18
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 12
Location
- County: Essex
- Driving Directions: Shepard Ave to Beech
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Structural Information
- Architectural Style: Fourplex
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Master Bedroom
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 6
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Master Bedroom
- Levels/Stories: 2
- Total Bathrooms: 3
- Bedrooms: 6
Lot Features
- Lot Size (Acres): 0.22
- Lot Dimensions: 63 x 150
- Driveway/Sidewalk: See Remarks
Financial Considerations
- Assessment Amount: $330,300
- Land Assmt: $68,900
- Tax Amount: $12,647
- Tax Year: 2023
Disclosures and Reports
- Block: 511
- Lot Number: 1
Listed by Nationwide Homes Realty Llc
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Schools
Schools serving 71 Beech St
School District:East Orange School District
Rating | Name | Grades | Distance |
---|---|---|---|
330 Central Ave, East Orange, NJ 07018 | PK-5 | 0.2 mi | |
116 Hamilton St, East Orange, NJ 07017 | 7-7 | 1 mi | |
116 Hamilton St Bldg C, East Orange, NJ 07017 | 8-8 | 1 mi | |
116 Hamilton St, East Orange, NJ 07017 | 7-7 | 1 mi | |
344 Prospect St, East Orange, NJ 07017 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 71 Beech St
Date
Details
Price
Change
Source
4/19/2024
Listed
$729,000
224%
MLS
10/28/2021
Sold
$225,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 71 Beech St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,601
-13%
$399,200
—
2021
$13,354
—
$399,200
66%
2021
$13,354
4%
$241,000
—
2018
$12,853
-1%
$241,000
—
2019
$13,014
4%
$241,000
—
2017
$12,493
2%
$241,000
—
2016
$12,298
3%
$241,000
—
2015
$11,997
5%
$241,000
—
2013
$11,385
—
$241,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 71 Beech St
71 Beech St, East Orange, NJ 07018 (MLS# 3897148) is a Multi-Family property with 2 units containing 12 bedrooms and 5 full bathrooms. 71 Beech St is currently listed for $729,000 and was received on April 19, 2024. Want to learn more about 71 Beech St? Do you have questions about finding other Multi-Family real estate for sale in East Orange? You can browse all East Orange real estate or contact a Coldwell Banker agent to request more information.