12 Ampere Pkwy East Orange, NJ 07017

This exceptional value-add investment opportunity presents a three-story, mixed-use building situated on a 0.099-acre lot in the desirable Ampere neighborhood of East Orange, New Jersey. The 20,000 square-foot property boasts a 100% occupancy rate, generating a pro-forma NOI of $308,097 and a pro-forma cap rate of 10.62%. The building comprises 21 units: 17 one-bedroom apartments, 2 studios, and two ground-floor retail spaces currently occupied by "His & Hers Hair Boutique" and "K&E Mini Market." Two income-producing billboards further enhance the property's revenue stream. The asking price is $2,900,000, translating to $138,095.24 per unit. Located at 12 Ampere Parkway, 07017, this property is zoned Gateway Commercial (C-1) and offers significant upside potential due to below-market apartment rents and flexible lease terms. The building's total square footage is estimated between 19,000 and 21,000 square feet. This is a rare chance to acquire a well-located, income-producing asset in a thriving East Orange community. The property's strong cash flow and value-add potential make it an attractive investment for discerning buyers.