Asking Price $1,450,000
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.
| Year Built: | 1890 |
| Garage: | Detached Garage, Garage Parking, See Remarks |
| Lot Dimens: | 63X200 IRR |
| Lot Desc: | Level Lot |
| Heating/Cooling Type: | 1 Unit, Baseboard - Hotwater, Radiators - Hot Water |
| Fuel: | Gas-Natural |
| Siding/Exterior: | Aluminum Siding Partially Fenced, See Remarks |
| Roof: | Composition Shingle |
| Public Util: | Public Sewer, Sewer Charge Extra |
| Interior: | Carbon Monoxide Detector, See Remarks, Smoke Detector, Stain Glass Windows, Tile Floors, Vinyl-Linol |
| Fireplaces: | |
| Excluded: | Tenant's Personal Belongings |
| Elem School: | MAGNET |
| Middle School: | MAGNET |
| High School: | MONTCLAIR |
Listing Agent:
Listing Broker:
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