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Listed by Barbara P. Hughes Brown Harris Stevens New Jersey
$ 1,450,000
Est. payment /mo
Active
76 Grove ST Montclair, NJ 07042
4 Baths
UPDATED:
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
Prime Montclair Investment & Lifestyle Opportunity " Fully leased four-unit Colonial delivering approximately 4% cap rate in one of New Jersey's most sought-after towns. Two 2 bedroom units, a studio and 1 bedroom unit. Perfectly positioned between two NYC Direct train stations and just blocks from Montclair's famed farmers market, vibrant dining scene, boutique shopping, the Wellmont Theater, Montclair Art Museum, and the Public Library. Major systems(water heater, electric panels and furnace) have been updated, and the underground oil tank has been removed for peace of mind. The property includes a 4-car detached garage plus space for an additional 4"6 cars offering potential for extra rental income. A rare blend of steady returns and an unbeatable location.
Location
State NJ
County Essex
Interior
Laundry Basement, Coin/Card
Exterior
Garage Spaces 4.0
