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16 New Street

Montclair, NJ 07042
  • $559,000
  • STATUS: Active Under Contract
  • ON SITE: 93 Days
  • ID#: 24001855
Under Contract
$559,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

Great Owner user and or investor prop. Two units: First Floor is 3 rm/1 bed/1 fb with EIK (this unit is occupied/same tenant for 5 yrs/ M to M). Second and third floor duplex is 6rm/3bed/2 fb (this unit is vacant). First floor unit was modestly renovated in 2018. 2nd/3rd flr duplex just completed a full renovation. Very nicely done. Please see photos in "media" or click on the link in "media" to go to the Offering Memorandum with full photo series and prop profile. There is a full unfinished, very clean basement with separate utilities and separate walk out to the back yard. Utility units are newer averaging about 5 yrs old. Owner pays only cold water. Back yard is amply sized. There is no on premise parking but there is a for lease parking lot about 50 ft from the front door. We believe proforma monthly for the 3 bed duplex is $2,800. With the $1,640 from the first flr there would be an annualized Gross Operating Income of $53,400.

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© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-04-19T14:00:10.81.
www.thepaulaclarkgroup.com/homes/146751025
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16 New Street Montclair, NJ 07042

  • Price: $559,000
  • Status: Active Under Contract
  • On Site: 93 Days
  • ID#: 24001855
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Montclair
County:
Essex
Area:
Montclair
Property Description
Great Owner user and or investor prop. Two units: First Floor is 3 rm/1 bed/1 fb with EIK (this unit is occupied/same tenant for 5 yrs/ M to M). Second and third floor duplex is 6rm/3bed/2 fb (this unit is vacant). First floor unit was modestly renovated in 2018. 2nd/3rd flr duplex just completed a full renovation. Very nicely done. Please see photos in "media" or click on the link in "media" to go to the Offering Memorandum with full photo series and prop profile. There is a full unfinished, very clean basement with separate utilities and separate walk out to the back yard. Utility units are newer averaging about 5 yrs old. Owner pays only cold water. Back yard is amply sized. There is no on premise parking but there is a for lease parking lot about 50 ft from the front door. We believe proforma monthly for the 3 bed duplex is $2,800. With the $1,640 from the first flr there would be an annualized Gross Operating Income of $53,400.
Exterior Features

Exterior Finish Other Garage Park Space Lot Description Regular Style 2 Family Sub Style Top/Btm Views And Exposure None Waterfront None

Interior Features

Basement None Fireplace None Heat Cool GasO/See Remk Laundry None Rooms 9

Property Features

Flood Plain None Lifestyle Close/ParksClose/SchoolClose/TransClose/Wrshp Miscellaneous None Ownership Private Taxes 9817 Utilities O/See Rmks Year Built 1900-1939

Listing provided by Edona Brahimi of RE/MAX SELECT: (973) 539-6300.


© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-04-19T14:00:10.81.
 
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