56 William Street
$580,000
7
3
—
—
—
Sold 5/10/24
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.
- Listed by MATHEW MEISELS • NEW AND MODERN GROUP
Property Details for 56 William Street
Directions
Off Glenwood Ave.
Days On Market48
LISTING UPDATED: 05/10/2024 01:15 PM
Property Details for 56 William Street
Status | Sold |
---|---|
MLS # | 3878989 |
Days on Market | 48 |
Taxes | $16,619 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1894 |
Lot Size | 0.09 AC / 3,920 SF |
County | Essex County |
Building Information for 56 William Street
Stories-Residences3Year Built1894Building Size-Lot Size0.09 AC / 3,920 SF
Property Information for 56 William Street
Property History for 56 William Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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
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