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.
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Listing Snapshot
Price
$1,450,000
Days On Site
76 Days
Bedrooms
6
Inside Area (SqFt)
3,550 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.29 Acres
Year Built
1890
MLS® Number
3968991
Status
Active
Property Tax
$16,320
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.29
Carport
8
Garage
Yes
Garage Spaces
4
Number Of Stories
3
Parking
Off StreetDetached
Parking Spaces
8
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
3550
Style
3-Three Story
Water Source
Public
Zoning
Residential
Interior Features
Appliances
Gas Water Heater
Basement
FullUnfinishedWalk-Out Access
Flooring
TileVinyl
Heating
BaseboardNatural Gas
Interior
Walk-In Closet(s)
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Exterior Features
Construction Details
Aluminum Siding
Lot Features
Level
Roof
Composition
Schools
School District
Unknown
Elementary School
MAGNET
Middle School
MAGNET
High School
MONTCLAIR
Listing courtesy of BROWN HARRIS STEVENS NEW JERSEY
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