$1,725,000
$1,850,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/28/2023
Key Details
Sold Price $1,725,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23009623
Sold Date 06/28/23
Style Retail
Annual Tax Amount $44,309
Property Description
The Willows Home is a 16-Unit home in Montclair, NJ for individuals that have retired. The property is adjacent to the new $135M Montclair Redevelopment Project. There is .35+ acre of property with 4 garages, and parking for approximately 16 cars. This is a three-story building above the ground floor level. The first floor has a family room, dining room, living room, kitchen, along with 2 bedrooms, and 3 bathrooms. The ground floor has 5 bedrooms and 4 bathrooms, and the second floor has 8 bedrooms and 4 bathrooms. The third floor has an open family area and 4 bedrooms and 1 bathroom. This property is located in a vibrant redeveloped area of Montclair. It is one block from NYC bus transportation, 3 blocks to the NYC train, and walking distance to a variety of downtown shopping. To repurpose this property to individual family residences, zoning ordinances would permit a minimum of 6 units. Income from the 16 parking spaces and 4 garages is the equivalent of an additional apartment
Location
State NJ
County Essex
Area Montclair
Building/Complex Name None
Interior
Heating Oil
Exterior
Utilities Available O/See Rmks
Waterfront Description None
Others
Ownership Private
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Broker | Lic# 9798051