330 Academy St

South Orange Village Twp., NJ 07079

Well-maintained and thoughtfully updated, this two-family property offers a compelling opportunity in the heart of South Orange just moments from Seton Hall University, South Orange Village, and direct NYC transit. Both units offer spacious, flexible layouts with multiple bedrooms and well-proportioned living spaces. High ceilings, hardwood floors, and large windows provide abundant natural light throughout. Each unit features a living room, dining area, bonus space, and an eat-in kitchen equipped with refrigerator, dishwasher, stove, and microwave. Additional highlights include in-unit laundry, off-street parking, and layouts that consistently attract strong tenant demand. The property has benefited from extensive capital improvements, including updated kitchens and bathrooms, upgraded electrical and plumbing systems, drainage and foundation work, and major mechanical updates. New roofing and gutter system (2025) further reduce near-term capital expense. Offering strong in-place income with additional upside potential, this is a rare opportunity for investors or owner-occupants in one of Essex County's most desirable rental markets. ** 2026-2027 rents+additional income have increased to $9596/mo increasing monthly net operating income to $7071 ($84,852 annually from $70,068) an increase of 21% year over year.