Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, this 8-unit apartment building can become the anchor of your growing real estate portfolio. With 4 different floor plans, this property offers 4 one bedroom units, and 4 studios, with shared coin-op laundry, on site parking, and a stellar location. A majority of units have been renovated and the roof is only 7 years old. 3 units remain, creating a great opportunity for future owners to add value to the property. Tenants pay for electricity for their stoves, lights and in-unit Air Conditioning. Owner pays for heat, hot water and internet. Building is well equipped with security camera system, and remote accessible front door entry system. Laundry is a smart system with Phone App capabilities. Property is 100' by 120' or .28 acres with 12 parking spaces, a beautiful front lawn, plus a garbage and maintenance shed in the back. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.
3878159
Multi-Family, 3+ Story
Essex
1966
0.28
Acres
Public
3
Brick, Wood Siding
Public Sewer
3,348
Sq. Ft.
Walnut Street
Cable Available, Natural Gas Available
8 Total
Interior Features
- Flooring
- Tile, Vinyl, Concrete, Laminate, Wood
- Heating
- Gas Heat, Electric Heating. Baseboard.
- Basement
- Finished, Walk-Out Access
- Security
- Security System
Exterior / Lot Features
- Parking
- 12 Parking Spaces. Off Street.
- Exterior
- Brick
- Roof
- Asphalt
- Zoning
- R2
- Additional Exterior/Lot Features
- Level.
Community Features
- Security Features
- Security System
- Complex Features
- Security System
Financial Considerations
Fee Simple
1613-03301-0000-00004-0000-
$31,900
Arrows indicate 90 day trend
Loading...