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|
|PROPERTY TYPE(S)||Multi Family|
|Prior to Jan 23, '18||$550,000|
|Jan 23, '18 - Today||$574,900|
|BASEMENT||Finished-Partially, Walkout, Yes|
|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|
This IDX solution is (c) Diverse Solutions 2018.