Asking Price $1,295,000
Prime Mixed-Use Investment Opportunity. Nestled just off the bustling Bloomfield Avenue, this exceptional mixed-use property offers a strategic location directly across from The MC Hotel. Located in the heart of Montclair's thriving artistic community, attracting a steady stream of visitors and locals alike. Three pristine and fully renovated residential apartments currently generate a monthly income of $6,500. Ground floor office space tenant just vacated which was paying $3500 per month. This property is perfect for an owner occupant to move into the commercial space on the ground floor and collect rent from the three residential apartments above. A new owner may also convert the bottom floor to residential space to live in or rent out (see below). The ground-floor commercial space, recently enhanced with comprehensive interior improvements, stands ready for occupancy or offers the potential for residential conversion, with APPROVALS secured for the next three years. Recent Upgrades: Significant capital improvements include a new roof installed in 2018 at a cost of $30,000 and a brand-new boilers added in 2025 for $17,000, ensuring reduced maintenance concerns for the foreseeable future. The owner has invested an additional $160,000 in upgrading the interiors and mechanical elements of all units for the residential units (3) and commercial space on the ground floor (office 2019). Parking is available in the municipal lot across the street.
| Year Built: | 1920 |
| Lot Dimens: | 29X100 IRR |
| Lot Desc: | Irregular Lot |
| Heating/Cooling Type: | 4+ Units |
| Fuel: | Gas-Natural |
| Siding/Exterior: | Brick |
| Roof: | Rubberized |
| Public Util: | Public Sewer |
| Interior: | Carbon Monoxide Detector, Smoke Detector |
| Fireplaces: | |
| Excluded: | All personal belongings. |
Listing Agent:
Listing Broker:
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information herein is deemed reliable but not guaranteed.