Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Investor Opportunity – Cash Buyers Only Welcome to 1283 Valley Road, Unit 7, an excellent turnkey investment opportunity located in one of Montclair’s most desirable and vibrant neighborhoods. This charming ground-level 1-bedroom, 1-bath condo is part of a beautifully restored Victorian home just steps from Montclair State University, dining, shopping, and NYC transportation. The unit is currently tenant-occupied with a lease in place through May 21, 2026, generating $1,900/month in rental income, with the tenant expressing interest in staying beyond the lease term—offering investors stable, immediate cash flow. Inside, the apartment features a renovated kitchen with granite countertops, a marble backsplash, and stainless steel appliances, along with a modern bathroom, freshly painted walls, and updated fixtures. Residents enjoy off-street parking and a PET-FRIENDLY community. Low annual taxes ($3,661) and a $382 monthly HOA fee that includes heat, hot water, insurance, landscaping, snow removal, water, and sewer make this a truly attractive, low-maintenance investment. Note: Building is non-warrantable — cash buyers only. Showings by appointment only with 24-hour notice.
Features & Amenities
Interior
-
Total Bedrooms
1
-
Bathrooms
1
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Pool
No
-
View
City
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
Price
-
Sales Price
$220,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee
$382
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Call B.O.E.
-
Middle School
Call B.O.E.
-
High School
Call B.O.E.
Property Features
-
Ownership
Private
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Location
County
ESSEX
Elementary School
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Middle School
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High School
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Listing Courtesy of Hugo A. Palacios , Keller Williams Village Square Realty
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FOUNDER
PatrickBolger
Call Patrick today to schedule a private showing.
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