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Listed by Barbara P. Hughes Brown Harris Stevens New Jersey
$ 1,450,000
Est. payment | /mo
4 Baths
$ 1,450,000
Est. payment | /mo
4 Baths
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25020466
Style 4 Family
Full Baths 4
Property Sub-Type 4 Family
Property Description
Fully leased four-unit Colonial offering an approximate 5.8% cap rate in one of New Jersey’s most desirable towns. The property features two spacious 2-bedroom units, one 1-bedroom, and one studio apartment. Conveniently located between two NYC-direct train stations and just steps from Montclair’s popular farmers market, dining, boutique shopping, the Wellmont Theater, Montclair Art Museum, and the Public Library. Recent updates include water heater, electric panels, and furnace, plus the underground oil tank has been removed. A 4-car detached garage and additional parking for 4–6 vehicles provide added convenience and potential rental income. A rare opportunity to enjoy consistent returns in a prime Montclair location.
Location
State NJ
County Essex
Interior
Laundry Basement, Coin/Card
Exterior
Garage Spaces 4.0
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