$4,850,000
$4,995,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/04/2023
Key Details
Sold Price $4,850,000
Property Type Commercial
Sub Type 5+Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22040458
Sold Date 12/04/23
Style 5+Family
Annual Tax Amount $79,531
Property Description
RARE opportunity to own a 21 unit apartment building in Upper Montclair. Located steps from Upper Montclair's shopping, restaurants and Midtown Direct train and bus service, this building features sun filled apartments with high ceilings, parquet floors, some stained glass windows, six 5 room apartments, six 4 room apartments and 9 3 room apartments, including 3 garden units. Brick and stucco building. Coin operated washers and dryers in the basement as well as bicycle racks. Parking for 19 cars in the rear. Fully rented building with all apartments having 1 year leases. Recent roof work completed and new boiler installed recently. Some newer windows. Income and expense figures available. Huge upside rent potential. Landlord pays gas, all apartments have separate electric, super onsite.
Location
State NJ
County Essex
Area Montclair
Exterior
Utilities Available Munincipal Water, O/See Rmrks
Roof Type O/See Rmrks
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Broker | Lic# 9798051