Description
A solid performer in the heart of Montclair"this fully leased four-unit Colonial offers approximately a 5.8% cap rate and consistent, low-maintenance income. Featuring two large 2-bedroom apartments, one 1-bedroom, and a studio unit, the property has updated systems (furnace, electric panels, and water heater) and a removed underground oil tank for peace of mind. The detached 4-car garage and additional parking for 4"6 cars open the door to added revenue potential. Steps from downtown Montclairs vibrant restaurants, shops, and commuter trains to NYC, this is a rare chance to own a turnkey multi-family in one of New Jerseys most sought-after rental markets.
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6BEDS
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N/AACRES
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4BATHS
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01/2 BATHS
School Ratings & Info
Description
A solid performer in the heart of Montclair"this fully leased four-unit Colonial offers approximately a 5.8% cap rate and consistent, low-maintenance income. Featuring two large 2-bedroom apartments, one 1-bedroom, and a studio unit, the property has updated systems (furnace, electric panels, and water heater) and a removed underground oil tank for peace of mind. The detached 4-car garage and additional parking for 4"6 cars open the door to added revenue potential. Steps from downtown Montclairs vibrant restaurants, shops, and commuter trains to NYC, this is a rare chance to own a turnkey multi-family in one of New Jerseys most sought-after rental markets.
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