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301 ORANGE RD, Montclair, NJ 07042 (MLS # 3434179)

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PRICE $574,900
BEDS 6
BATHS 3 baths
HOME SIZE n/a
LOT SIZE 3,920 sqft

Rare 3-family house in booming Montclair, NJ. Great cash flow potential for investment purposes or live in the first unit and collect rent from other two and live virtually mortgage-free. Potential rent roll is $5400 with estimated cap rate of 7.6%. Unit 1 features brand new kitchen and stainless steel appliances, gleaming new floors and a renovated bathroom and is vacant. 2nd unit is a two-bedroom plus a den rented at $1850. Third unit is also a two-bed which will be vacant and has value-add potential. Walkable with short distance to shops, parks, schools, houses of worship and a short walk to NJ Transit train station. Easy access to major highways with a 7-min drive to the Parkway and a 5-min to downtown that has been called the "Great American Main Street!"

DAYS ON MARKET 76 LAST UPDATED 1/28/2018
YEAR BUILT 1900 COMMUNITY Montclair Township
COUNTY Essex STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Jan 23, '18 $550,000
Jan 23, '18 - Today $574,900


ADDITIONAL DETAILS
AIR Window A/C(s)
AIR CONDITIONING Yes
AREA Montclair Township
BASEMENT Finished-Partially, Walkout, Yes
CONSTRUCTION Stucco
EXTERIOR Open Porch(es)
HEAT 3 Units, Baseboard - Hotwater
INTERIOR Beam Ceilings, Blinds, Carbon Monoxide Detector, Chandelier, High Ceilings, Stain Glass Windows, Tile Floors, Wood Floors
LOT 3920 sq ft
PARKING 0
SEWER Public Sewer
STYLE 3-Three Story
TAXES $11,141.00
UTILITIES All Underground
WATER Public Water


SATELLITE VIEW



 
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