99 Valley Rd, Montclair Twp., NJ 07042 - MLS#3947367

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Lynn Fitzgerald

lynn@lynnfitzgerald.com +1(866) 201-6210

$1,290,000

Est. payment - /mo

3,324 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,324 sqft

Price per Sqft $388

MLS Listing ID 3947367

Year Built 1892

Annual Tax Amount $16,331

Tax Year 2024

Property Description

Introducing a premier commercial opportunity Class A rooming house that consist of three studio apartments and nine private single occupancy rooms in charming Montclair, NJ! This licensed rooming house, has been updated in 2021, boasts twelve efficiently designed units and ample off-street parking for up to six vehicles. Each space has been thoughtfully updated, featuring new vinyl flooring and a fresh coat of paint in selected rooms. Common areas shine with new Sheetrock, emergency lighting, and clear exit signage, ensuring a safe and welcoming environment for all occupants.Residents benefit tremendously from on-site conveniences like a pair of coin-operated washers and dryers in the basement simplifying laundry day in a snap! The exterior isn't left behind, with its durable vinyl siding and newly installed roof.Location is prime with proximity to key community sweet spots. The nearby Walnut Street train station and Bloomfield Ave bus stop provide efficient transit options for hassle-free commuting or leisure travels. Perfect for investors, this property is a true income powerhouse without the worry of rent control expected to generate gross income of $130,000 or more with a net income of $83,000. So if you're looking for not just a property, but a fruitful venture, this licensed rooming house may be it.

Location

State NJ

County Essex

Zoning R-2

Rooms

Basement Full, Storage, Walkout

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Flooring Carpeting, Laminate, Tile

Equipment Appliances, Exhaust System, Fire Alarm, Security System, See Remarks, Smoke Detector, Sprinkler System

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Garage Spaces 6.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Listed by RE/MAX SELECT

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Lynn Fitzgerald

+1(866) 201-6210

Team Lead | Realtor® | License ID: 0123770

Team Lead | Realtor® License ID: 0123770

99 Valley Rd Montclair Twp., NJ 07042

Lynn Fitzgerald

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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