Property
Beds
6
Full Baths
4
1/2 Baths
None
Year Built
1890
Sq.Footage
3,550
Discover a prime Montclair investment that delivers both strong returns and unbeatable location. This fully leased four-unit Colonial offers an approximate 5.8% cap rate and timeless curb appeal just blocks from Montclair?s best dining, shopping, and arts scene. The property includes two spacious 2-bedroom units, one 1-bedroom, and one studio apartment?each well-maintained with reliable tenants. Updates include a newer water heater, electrical panels, and furnace, and the underground oil tank has already been removed. A detached 4-car garage plus additional parking for 4?6 vehicles adds exceptional convenience and potential income. Perfectly positioned between two NYC-direct train stations and moments from the Montclair Farmers Market, Wellmont Theater, and Art Museum?this property is an ideal blend of location, stability, and long-term value.
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s)
-
Total Bedrooms
6
-
Bathrooms
4
-
Basement YN
YES
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas, Hot Water, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Aluminum Siding
-
Parking
Off Street, Detached
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.29
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
3-Three Story
Price
-
Sales Price
$1,450,000
-
Tax Amount
16320.0
-
Zoning
Residential
-
Sq. Footage
3, 550
-
Price/SqFt
$408
HOA
-
Association
No
School District
-
Elementary School
MAGNET
-
Middle School
MAGNET
-
High School
MONTCLAIR
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Essex
Elementary School
MAGNET
Middle School
MAGNET
High School
MONTCLAIR
Listing Courtesy of None , BROWN HARRIS STEVENS NEW JERSEY
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FOUNDER
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