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Listing Details

88 Riggs Pl,West Orange Twp., NJ 07052-5269

  • December 31, 2025

Description

Location, location! Exceptional investment opportunity for a three-family home in the heart of West Orange. This fully occupied property features great tenants, separate leases, ensuring steady income. Private parking located in the rear adds convenience and value.

Details

Last Updated On: December 31st, 2025 at 12:33 pm
Property ID:PT-22801629-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 625,000 $
Bedrooms:8
Year Built:1916

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 35X125
Lot Identifier: 38.01
Lot Description: Level Lot
Lot Identifier: 38.01

Home Details

Open Parking: 4
Basement: Yes
Basmnt/Desc: Yes - Unfinished
Acreage: 0.10
Total Baths: 3.00
Unit Style: 3-Three Story
Number of Units: 3
Rooms: 14
Easement/Desc: Unknown
Exterior Description: Stucco
Roof Description: Asphalt Shingle
Possesion: P O T
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 3
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Lease Expire: 2026-02-28
Unit 1 Rent: 1770
Unit 1 Room Description: Bedrooms, Kitchen
Unit 1 Security Deposit: 2475
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Ceiling Fan(s), Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Levels: 1
Unit 2 Rooms: 4
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Rent: 1600
Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Pantry, Sunroom
Unit 2 Security Deposit: 2400
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Levels: 1
Unit 3 Rooms: 4
Unit 3 Beds: 3
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Handicap: No
Unit 3 Rent: 1130
Unit 3 Room Description: Bedrooms, Kitchen
Unit 3 Security Deposit: 2000
Block Identifier: 22
County Number: 16
Town Number: 1622
YB/Desc: 1916 - Approximate
Easement: Unknown
Block Identifier: 22
County Number: 16
Town Number: 1622
Possession: P O T

Taxes, Fees & Assessments

Gross Operating Income: 56000
Net Operating Income: 33028
Expense Include: Hot & Cold Water, Insurance, Maintenance, Taxes
Warranty: No
Tax ID For Property: 1622-00022-0000-00038-0001-
Tax Amount: $11,944.00
Tax Year: 2024
Tax Rate: 4.684%
Tax Rate Year: 2024
Farm Assessment: No
Land Assessment: $206,300.00
Building Assessment: $299,400.00
Total Assessment: $505,700.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: Radiators - Hot Water
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Services: Cable TV, Garbage Included

Schools

Grade School: HAZEL AVE
Middle School: ROOSEVELT
High School: W ORANGE

Features

  • Blinds
  • Carbon Monoxide Detector
  • Curbs
  • Enclosed Porch(es)
  • Fire Extinguisher
  • Metal Fence
  • Open Porch(es)
  • Sidewalk
  • Smoke Detector
  • Tile Floors
  • Wood Floors

Statistics

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