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229 N Center Street
Orange, New Jersey
$639,500 Price
5 Bedrooms  
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Photo 1 of 229 N Center Street, Orange, New Jersey, $639,500, Web #: 325016738Previous PhotoNext Photo1 of 20

Fully renovated two-family home in Orange, NJ, offers a prime investment or owner-occupied opportunity with rental income potential. The property features 5 bedrooms, 3 bathrooms, a finished basement with a full bathroom, and a spacious garden ideal for entertaining and off-street parking. The first-floor vacant unit includes 2 beds,...

Fully renovated two-family home in Orange, NJ, offers a prime investment or owner-occupied opportunity with rental income potential. The property features 5 bedrooms, 3 bathrooms, a finished basement with a full bathroom, and a spacious garden ideal for entertaining and off-street parking. The first-floor vacant unit includes 2 beds, a modern kitchen with stainless steel appliances, granite worktops, wooden floors, an alarm system, and an open layout. The second-floor unit, currently tenant-occupied, has 3 bedrooms and is rented for $2,350, offering immediate rental income. Both units have central air and forced heat. Shared washer/dryer hookups are located in the basement along with storage space. Conveniently located near shopping, parks, schools, and public transportation with easy access to NYC. The seller may consider concessions for strong offers over the list price to assist with closing costs. Seller financing may be considered for offers exceeding $700K with a minimum 25% down payment, no exceptions, and a maximum 24-month term. Potential rental income ranges from $5,900 to $7,000 per month, making it a compelling investment for cash flow. Buyers should be pre-qualified for $19,700 in annual property taxes. The previous buyer was unable to close due to a change in financial circumstances and was under contract for $680K, presenting a renewed opportunity for serious buyers to secure a turnkey investment. Don't miss out on this chance.

Listing courtesy of Exp Realty Llc, Darrell Bailey 8662016210

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Orange, New Jersey
Type:
Price: $639,500
Date Listed: 5/17/2025
Last Updated: 5/25/2025
Web ID: 325016738

Info & Amenities

Rooms: 12.0
Bedrooms: 5
Bathrooms: 3.0

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.