Property
Beds
9
Full Baths
5
1/2 Baths
None
Year Built
1887
Sq.Footage
4,945
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily (commercial) residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. 4 Units (1st and 2nd fls) are currently month to month and the third floor is vacant. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors!
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
5
-
Basement YN
YES
-
Fireplace YN
YES
-
Pet friendly
Yes
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Aluminum Siding
-
Parking
Detached
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.8
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
See Remarks
Price
-
Sales Price
$1,600,000
-
Tax Amount
29721.0
-
Zoning
R1
-
Sq. Footage
4, 945
-
Price/SqFt
$323
HOA
-
Association
No
School District
-
Elementary School
MAGNET
-
Middle School
MAGNET
-
High School
MONTCLAIR
Property Features
-
Ownership
Fee Simple
-
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 SUSAN LOVIT , COMPASS NEW JERSEY LLC
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FOUNDER
PatrickBolger
Call Patrick today to schedule a private showing.
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