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One of just a couple dozen multifamily properties right on Watchung Plaza in Upper Montclair. Two huge units with 4 beds + 1 bath in Unit 1 ($2900/month) and 5 beds + 2 baths in Unit 2 ($3,785/month). Tenants pay for electric and gas, landlords pay for sewer and water. Separate furnaces and water heaters. Shared laundry and storage rooms in the basement. Currently fully occupied with recently renewed leases, PLUS additional income from rented garage & parking spaces. Over 16 parkings spaces on site and a 2 car garage. Development friendly ?Neighborhood Commercial? Zoning allowing 28 units per acre, and Mixed-Use development. Lot is 11,975.79 square ft. Opportunity is abundant with this ?in-town? location! Surrounded by shops, restaurants, and a 45 minute train to Penn Station, NYC. Adjacent property is also for sale by a different owner and broker. POF required for all showings. Showings only during designated windows. Inquire for times.
| DAYS ON MARKET | 3 | LAST UPDATED | 6/27/2024 |
|---|---|---|---|
| TRACT | Watchung Plaza | YEAR BUILT | 1894 |
| COMMUNITY | Montclair | GARAGE SPACES | 2.0 |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | MAGNET |
|---|---|
| Jr. High School | MAGNET |
| High School | MONTCLAIR |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Montclair |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Electric, Natural Gas |
| LOT | 0.27 acre(s) |
| LOT DESCRIPTION | Level, Wooded |
| PARKING | Off Street, Detached |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story, Under/Over |
| SUBDIVISION | Watchung Plaza |
| TAXES | 19029 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | NC |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listed with COMPASS NEW JERSEY LLC
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