A rare Montclair multi-family opportunity offering timeless architecture, strong income, and a location that's second to none. This fully leased four-unit Colonial delivers approximately a 5.8% cap rate with consistent, low-maintenance income and includes two spacious 2-bedroom apartments, one 1-bedroom, and a studio. Updated systems furnace, electric panels, and water heater along with underground oil tank removal provide peace of mind, while a detached 4-car garage and additional parking for 4"6 vehicles offer added convenience and income potential. Ideally situated between two NYC-direct train stations and just steps from Montclair's vibrant downtown restaurants, boutiques, caf s, and the Wellmont Theater, this is a compelling opportunity for the savvy investor or owner seeking long-term stability in one of New Jersey's most desirable rental markets.
222 days
|
578
|
16
|
Zillow last checked:
Listing updated:
Listed by:
Barbara Hughes973-744-6033,
Brown Harris Stevens New Jersey
Source: GSMLS,MLS#: 4003954
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4
Heating
1 Unit, Baseboard - Hotwater, Radiators - Hot Water, See Remarks, Natural Gas
Cooling
Has cooling: Yes
Appliances
Included: Exhaust Fan, Range/Oven - Electric, Refrigerator, See Remarks, Range/Oven - Gas, Gas Water Heater, Water Heater (See Remarks)
Features
High Ceilings, See Remarks, Walk-In Closet(s), Bedrooms, Dining Room, Kitchen, Living Room, Storage
Flooring: Tile, Vinyl-Linoleum Floors, Wood
Windows: Stain Glass Windows
Basement: Yes,Full,Unfinished,Walk-Out Access
Number of fireplaces: 3
Interior area
Total structure area: 3,550
Total interior livable area: 3,550 sqft
Property
Parking
Total spaces: 8
Parking features: Crushed Stone, Off Street, See Remarks, Detached Garage