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94 S Munn Avenue, East Orange, NJ, 07018

$6,400,000

0

Beds

Bathrooms

44,135

Building Sqft

0.00

Acres

0

Lot Sqft

About 94 Munn Avenue

This 6-story, 43-unit apartment building presents a strong value-add investment opportunity in a desirable, high-demand rental market. The property features a mix of unit types, ranging from efficient studios to spacious 3-bedroom apartments, catering to a broad tenant base. Approximately 40% of the units have been tastefully renovated, offering updated interiors with modern finishes. The building is rent de-controlled upon vacancy, providing significant upside potential as units turn over. Roof improvements are currently underway, the roofing project will be completed upon purchase – ensuring long-term building integrity and reduced future maintenance costs. Some off-street parking is available around the property, adding convenience for residents. With strong rental demand, a flexible unit mix, and ongoing capital improvements, this asset is well-positioned for an investor seeking stable income with room for growth.

Features of 94 Munn Avenue

MLS® #
2601612R
Acres
0.00
Type
Commercial Sale
Price
$6,400,000
Square Footage
44,135
Year Built
1911
Sub-Type
Commercial

Exterior

Lot Description
[\"Near Public Transit\",\"Near Shopping\",\"Corner Lot\"]

Community Information

Address
94 Munn Avenue
City
East orange
County
Essex
State
NJ
Zip Code
07018

Listing Information

Agent Name
KARIM ARZADI
Agent Office
J.J. ELEK REALTY CO.

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(718) 987-7900