29 Vacant Apartment Units

Avison Young is pleased to present the unique opportunity to acquire a proposed 29 unit apartment building located at 112 North Walnut Street in East Orange, New Jersey. The multi-family building has plans for one, two, and three bedroom apartments that can suit a wide variety of necessities. The interior requires extensive renovations, as the work to be renovated was not completed. Adjacent to the property is a recently constructed 172+ unit apartment project which signifies the demand for further housing in the marketplace. Additionally, the property is located less than a mile from the East Orange New Jersey Transit stop, making it an ideal location for city commuters.

Lender Foreclosure - potential investors should be aware that the Lender acquired the property via a foreclosure. As a result, property is being sold in “As-Is” condition with no representations and warranties. Buyers are encouraged to engage with the city of East Orange on the number of units allowed to be built with the existing structure. This is an excellent opportunity for an investor to renovate the property, fill the occupancy, and take advantage of the housing demand for multi-family units in the dense New York City area.