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

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PRICE $599,000
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 7.5%. 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 (decent condition). Third unit is also a two-bed which will be vacant has value-add potential (rent $1600). Highly 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!"

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Listed with PANTHERA REALTY NJ LLC
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