126 Chestnut St, East Orange City, NJ 07018

$500,000
6
BD
2.1
BA

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List Price
$500,000
Status
ACTIVE
MLS#
4062487
Bedrooms
6
Bathrooms
2.1
Half-baths
1
County
Essex
City
East Orange City
Year Built
1920

Property Description

Exceptional 2-family investment opportunity in East Orange with strong income and value-add potential. The first-floor unit features 2 bedrooms, 1 full bath, and beautiful hardwood flooring throughout, with the flexibility to easily convert into a 3-bedroom layout. The second unit spans the 2nd and 3rd floors, currently configured as a spacious 4 bedroom, 1 bath, 1 office with the potential to expand into a 5 bedroom unit ideal for maximizing rental income. The property also features a private backyard and an extended driveway for ample off-street parking. Conveniently located near transportation, shopping, and schools, this property is perfectly positioned for both commuters and tenants. Additional highlights include a full unfinished basement with an existing bathroom, offering further expansion possibilities. Separate utilities provide convenience for both owner-occupants and investors. Whether you're looking to live in one unit and rent the other or fully capitalize on its income potential, this is a rare opportunity with significant upside.

Additional Information

Exterior
See Remarks
Basement
Yes
Water
Public Water
Sewer
Public Sewer
Fuel
Gas-Natural

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Listing Courtesy Of KELLER WILLIAMS - NJ METRO GROUP, Contact: 973-783-7400