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106 N Grove St, East Orange, NJ 25 N Harrison St, East Orange, NJ
Grove & Harrison Portfolio
Asset ClassMultifamily
# Units153
# Units: 153# Buildings: 2Access Data Room
153 Units ♦ 2 Buildings ♦ East Orange, NJ ♦ ~10%+ Cash on Cash ♦ w/ Assumable Debt @ 5.2% I/O
overview of deal

Overview

The Grove and Harrison Portfolio comprises two well-maintained residential properties totaling 153 units, offering a diverse mix of studio, one, and three-bedroom apartments designed to meet a wide range of tenant needs. Each property features durable all-brick construction, spacious kitchens, and cozy living spaces that enhance resident comfort and long-term appeal. Interiors showcase a combination of vinyl flooring and tiled bathrooms and kitchens, reflecting a balance of functionality and style. The properties maintain a consistently high occupancy rate, underscoring their strong demand and reliable tenant base. With stable rent collections and a history of steady performance, the portfolio provides investors with predictable cash flow and the potential for continued appreciation through strategic management and incremental upgrades.

 

Situated in East Orange, New Jersey, the portfolio enjoys exceptional connectivity and convenience within the northern New Jersey multifamily market. Residents benefit from proximity to Brick Church and East Orange Station, offering direct NJ Transit service to New York City in under 30 minutes. The City of East Orange and neighboring Newark provide extensive urban amenities, supported by access to major thoroughfares such as the Garden State Parkway and Interstate 280. Nearby recreational spaces like Branch Brook Park and Rowley Park enhance quality of life, while an abundance of retail, restaurants, and neighborhood conveniences lie within easy reach. This combination of transit accessibility, local vibrancy, and regional economic strength positions the East Orange Multifamily Portfolio as a highly attractive investment opportunity offering both income stability and long-term growth potential.

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Investment Highlights

  • ~10%+ Cash on Cash Return
  • Attractive Financing Option Assumable Debt of $17M at 5.2% Interest Only
  • Diverse Floor Plans Studio to Three-Bedroom Layouts
  • Exceptional Connectivity Garden State Parkway, Interstate 280, Route 21
  • 4 Min Walk to Nearby Train Station to NYC
  • 30 Minute to NYC via Train
  • Convenient Urban Living Close Proximity to Parks, Shopping, and Employment Centers
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106 N Grove StEast Orange, NJ 07017

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Listing provided by Revere CRE