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641 Lincoln Ave
Orange, NJ 07050

$5,985,000 USD

Apartments For Sale • 26,585 SF

Property Details

Property Type Apartments
Total Building Size 26,585 SF
Lot Size 0.21 AC
Building Class C
Year Built 1929
Zoning N/Av

0 Transit Score

77 Walk Score

                
                    Highlights
                
                                641 Lincoln is a 42-unit, gut renovated, value-add investment property in Orange, New Jersey
                            
                                Property consists of 1 studio, 39 one-bedroom, 1 two-bedroom, and 1 three-bedroom apartments
                            
                                641 Lincoln has been managed, renovated, and cared for by high quality ownership for ~10 years
                            
                                The property offers substantial upside with 21% below market rents providing a $305 average per unit delta to market
                            
                                60% of housing units in the TMA are renter occupied with 22% of the population being in the key renter age group (18-35)
                            
                                Ideal location in the heart of Essex County just off Scotland Road and only a 10-minute walk from South Orange’s NJ Transit Station – Mountain Station

Property Flyers

641 Lincoln Flyer

Amenities

24 Hour Access
Air Conditioning
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Mountain Station (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	2 min	10 min	0.6 mi
Highland Avenue (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Newark Liberty International	16 min	-	9.6 mi
LaGuardia	48 min	-	31.2 mi

Tim Blashford 862-309-5617 Berkadia

641 Lincoln Ave Orange, NJ 07050