74 Marcy Ave, East Orange City, NJ 07017

Property Description

Rare opportunity for owner-occupants and investors alike! This 2-family home needs no major work just a little TLC. Offering a total of 6 Brs and 2 full Bths, each unit features 3 Brs and 1 full Bth. Basement is semi-finished, standing-height and offers potential for additional living/recreation space and features a separate private entrance/walkout. As an added bonus, the attic provides further potential, adding to future versatility. The potential annual rental income for this property is $66,000, with annual taxes amounting to $10,925. This results in a net annual income of $55,075 before utilities and debt servicing charges. Unit 2 is vacant while unit 1 is occupied but has no lease (Month 2 Month). Key highlights include genuine hardwood floors throughout. Unit 2 comes with updated kitchen with granite countertops and newer cabinetry. Interior walls have been redone and primarily need painting to complete the refresh. Both units offer separate living and dining rooms. Driveway accommodates multiple vehicles, with additional parking at the rear. Utilities are all separated