Courtesy: COMPASS NEW JERSEY LLC
973-310-7360
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily 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. 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!
Montclair is located in New Jersey. Montclair, New Jersey has a population of 40,520. Montclair is more family-centric than the surrounding county with 41.3% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Montclair, New Jersey is $149,982. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Montclair is 40 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 49.3 inches per year, with 25.6 inches of snow per year.
