56 William Street

Orange, NJ 07050

$580,000
Last Sold Price
7
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 56 William St, an exceptional 3-family property in Orange, NJ, presenting a lucrative investment opportunity or a comfortable multi-family living option. Renovated in 2020, this property radiates a blend of modern upgrades and classic charm, offering a delightful residence for homeowners and an enticing prospect for investors. Each unit boasts hardwood flooring, infusing elegance and warmth into the living spaces. Unit 2, currently vacant and move-in ready, features 2 bedrooms plus an...Welcome to 56 William St, an exceptional 3-family property in Orange, NJ, presenting a lucrative investment opportunity or a comfortable multi-family living option. Renovated in 2020, this property radiates a blend of modern upgrades and classic charm, offering a delightful residence for homeowners and an enticing prospect for investors. Each unit boasts hardwood flooring, infusing elegance and warmth into the living spaces. Unit 2, currently vacant and move-in ready, features 2 bedrooms plus an additional versatile room perfect for an office or an extra bedroom. Its spacious kitchen, complete with a cooking stove, invites culinary creativity and serves as a focal point for gatherings. Parking is hassle-free with dedicated spaces, ensuring convenience for residents and their guests. Unit 1, a 3-bedroom, 1-bath unit, is already leased out, generating a steady income of $1820 monthly, with the lease secured until 09/20/24, offering a reliable income stream for investors. Unit 3, comprising 2 bedrooms and 1 bath, is leased for $1578 per month, with the lease expiring on 12/31/23, presenting an opportunity for potential adjustments or renewal based on preference. Strategically located near amenities, schools, shopping, and transportation options, this property offers comfort, accessibility, and income potential. Whether you're an investor seeking promising returns or a homeowner looking for a residence with rental income, 56 William St is an opportunity not to be missed.
  1. Listed by MATHEW MEISELS • NEW AND MODERN GROUP

Property Details for 56 William Street

Directions
Off Glenwood Ave.
Days On Market
48
LISTING UPDATED: 05/10/2024 01:15 PM

Property Details for 56 William Street

StatusSold
MLS #3878989
Days on Market48
Taxes$16,619 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1894
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Building Information for 56 William Street

Stories-Residences3Year Built1894Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 56 William Street

Summary
Location and General Information
  • Active Days on Market: 48
  • Renovated Year: 2020
  • County #: Essex
  • Town Name: City Of Orange Twp.
  • Block Identifier: 1701
  • Listing Type: Exclusive Right to Sell
  • Town #: 1617.0
  • Street # Display: 56.0
  • # Parking Spaces: 3
  • County Or Parish: Essex
  • Street Name: William St
  • Zip Code: 07050-4090
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $16,619
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 479500.0
  • Tax ID For Property: 1617-01701-0000-00005-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
Property
Lot Information
  • Lot Identifier: 5
  • Approximate Lot Size: 3917 SF
  • Total Acres: 0.09
  • Construction Date/Year Built: 1894
Property and Assessments
  • Assessment Bldg: 372500.0
  • Assessment Land: 107000.0
Utilities
  • Cooling: No Cool
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1820.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 1750.0
  • Unit 1 Sq Ft: 1000.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 900.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1578.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 2325.0
  • Unit 3 Sq Ft: 750.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 56 William Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 56 William Street

Taxable ValueLand$107,000Additions$322,000Total$429,000
Tax Record2023$17,871 ($1,489 / month)
Home Facts
Beds0Total Finished SqFt2,460 SqFtAbove Grade Finished SqFt2,460 SqFtStories2Lot Size3,916 SqFtStyleSingle Family ResidenceYear Built1894CountyESSEXAPN17 01701-0000-00005

Schools near 56 William Street

This home is within Orange Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 9 to 12
Public - PK to 8
Public - K to 2
Rating
School
Distance
Oakwood Avenue Elementary School
PublicPK to 7

Orange Alternative High School
Public9 to 12

Park Avenue Elementary School
PublicPK to 8

Central Elementary School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NEW AND MODERN GROUP, MATHEW MEISELS

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 09/19/2024 08:51 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.