Prime Investment Opportunity & Dream Home Potential in Montclair, NJ.Nestled in the heart of a vibrant and sought-after community this exceptional property offers a rare blend of versatility, charm, and opportunity. Currently configured as a professional office building across four expansive floors, this meticulously maintained structure boasts a range of… Read More businesses, making it an ideal investment for savvy buyers seeking immediate rental income and long-term growth. With multiple businesses already thriving within, this property is a turnkey solution for those looking to expand their portfolio with a multi-tenant asset. Additional allure lies in its remarkable potential as a future single-family residence. This spacious layout and generous floorplan provide a perfect canvas to transform this classic building into a stunning dream home. Set on a large expansive lot offering ample parking, you have the perfect balance of convenience and suburban serenity. Montclair is renowned for its blend of historic charm, arts, endless dining options, boutiques and venues. Easy access to NYC via multiple transportation options make it perfect for both business/residential living. Whether you're an investor seeking a profitable commercial property with high rental potential, or a discerning buyer looking to create the ultimate home in one of NJ's most coveted locales, this property promises unmatched value and limitless potential. Read Less
Courtesy of COLDWELL BANKER REALTY.
Listing Snapshot
Days Online
134
Last Updated
Property Type
Other
Square Ft.
6,739
Year Built
1908
MLS Number
3961419
30 Days Snapshot Of 07042
$807k
-45%
(avg) sold price
16
-27%
homes sold
65
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished-Partially, Full, Yes
Building
Built in 1908, Renovated in 2022
Cooling
2 Units, Central Air, Multi-Zone Cooling
Exterior Features
Aluminum
Garage
12 garage spaces
Water Features
Public Water
Heating
Electric, Gas-Natural, 2 Units, Forced Hot Air, Multi-Zone
Lot
Approximate Lot Size: 90X183 IRR, Possible Subdivision
Property
6,739 sqft building, 15 units
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $26,744, Tax Rate: 3.403
Utilities
Electric, Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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