136 Walnut St Under Contract Save Request In-Person Tour Request Virtual Tour
Montclair Twp.,NJ 07042
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $537
Subdivision Walnut Street
MLS Listing ID 3878159
Year Built 1966
Annual Tax Amount $31,900
Tax Year 2023
Lot Size 0.280 Acres
Property Description
Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, this 8-unit apartment building can become the anchor of your growing real estate portfolio. With 4 different floor plans, this property offers 4 one bedroom units, and 4 studios, with shared coin-op laundry, on site parking, and a stellar location. A majority of units have been renovated and the roof is only 7 years old. 3 units remain, creating a great opportunity for future owners to add value to the property. Tenants pay for electricity for their stoves, lights and in-unit Air Conditioning. Owner pays for heat, hot water and internet. Building is well equipped with security camera system, and remote accessible front door entry system. Laundry is a smart system with Phone App capabilities. Property is 100' by 120' or .28 acres with 12 parking spaces, a beautiful front lawn, plus a garbage and maintenance shed in the back. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.
Location
State NJ
County Essex
Zoning R2
Rooms
Basement Finished, Full, Walkout
Interior
Heating Electric, Gas-Natural
Cooling 4+ Units, Wall A/C Unit(s)
Flooring Concrete, Laminate, Tile, Vinyl-Linoleum, Wood
Equipment Burglar Alarm, Intercom
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block, See Remarks
Garage Spaces 12.0
Utilities Available Electric, Gas In Street, Gas-Natural
Roof Type Asphalt Shingle, Flat
Parking Type Assigned, Blacktop, Driveway-Exclusive, Off-Street Parking
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple