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Montclair Twp.,NJ 07042
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $408
MLS Listing ID 3968991
Style 3-Three Story
Bedrooms 6
Full Baths 4
Year Built 1890
Annual Tax Amount $16,320
Tax Year 2024
Lot Size 0.290 Acres
Property Description
Prime Montclair Investment & Lifestyle Opportunity ? Fully leased four-unit Colonial delivering approximately 4% cap rate in one of New Jersey?s most sought-after towns. Two 2 bedroom units, a studio and 1 bedroom unit. Perfectly positioned between two NYC Direct train stations and just blocks from Montclair?s famed farmers market, vibrant dining scene, boutique shopping, the Wellmont Theater, Montclair Art Museum, and the Public Library. Major systems(water heater, electric panels and furnace) have been updated, and the underground oil tank has been removed for peace of mind. The property includes a 4-car detached garage plus space for an additional 4?6 cars?offering potential for extra rental income. A rare blend of steady returns and an unbeatable location.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Full, Unfinished, Walkout
Interior
Interior Features Carbon Monoxide Detector, See Remarks, Smoke Detector, Stain Glass Windows, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Parking Features Detached Garage, Garage Parking, See Remarks
Garage Spaces 4.0
Utilities Available See Remarks
Roof Type Composition Shingle
Building
Lot Description Level Lot
Sewer Public Sewer, Sewer Charge Extra
Water Public Water, See Remarks
Architectural Style 3-Three Story
Schools
Elementary Schools Magnet
Middle Schools Magnet
High Schools Montclair
Others
Senior Community No