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Listed by Pierce Conway Compass New Jersey, LLC-Montclair
$ 965,000
Est. payment | /mo
3 Baths
$ 965,000
Est. payment | /mo
3 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25035447
Style 3 Family
Full Baths 3
Property Sub-Type 3 Family
Property Description
This legal 3-family home sits on one of Bloomfield's most beautiful blocks, offering passive income potential, prime location, and low-maintenance ownership. Each unit has 2 bedrooms and 1 bathroom, with large kitchens, generous living spaces and tenant friendly upgrades like new windows & separate forced hot air systems. Pride of ownership shows throughout from the immaculate basement to the well-kept common areas and units. Parking is available for all residents, and the detached garage plus one parking space generates extra income, currently rented to a local contractor for $650/month. Each apartment is $2,100/month, with the 3rd floor vacant, presenting an opportunity for owner-occupancy or rental income. The current gross income is $4,850/month, not including 3rd-floor rent (projected at $2350). Additional highlights include storage rooms and laundry for each unit in the basement, integrated waterproofing systems and a newer roof. Across the street is Watsessing Park with its trail loop, fields, playgrounds, and bocce courts. Down the block is Downtown Bloomfield, with direct train to Manhattan, grocery, and excellent restaurants. Inquire for 3D Matterport Tour. Showings by appointment only. Pre-Approval required.
Location
State NJ
County Essex
Interior
Laundry Basement, See Remarks
Exterior
Garage Spaces 2.0
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Carlos "Alex" Jesus
Broker | Lic# 9798051