The Kate Elliott Team

Realtor and The Kate Elliott Team Leader
Coldwell Banker Maplewood
646-662-6655
Licensed In: New Jersey

Exclusive off-market investment opportunity! 1164 South Orange Ave is a two family student rental property with extensive income potential, an ideal location close to Seton Hall campus, and key existing rental amenities.

This lucrative property offers income opportunity from both units, as well as garage rentals and paid laundry machines. There was no vacancy within the time frame of the current ownership, during which major capital improvements were completed, including roof replacement, majority window replacement, kitchen/bathroom renovations, and siding updates. Rent has the potential to increase in correlation with market value, with the time frames of existing leases based on the University schedule/habitable cadence.

1164 South Orange Ave has an impressive footprint, recent upgrades, and a consistent stream of eligible renters in a location that has regular and reliable needs for housing opportunities, creating the ideal climate for steady return on investment. Don't let this stellar opportunity pass you by.