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Listed with Pierce Conway | 973-618-6368, Compass New Jersey, LLC-Montclair
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Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. 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.
| DAYS ON MARKET | 158 | LAST UPDATED | 3/4/2024 |
|---|---|---|---|
| YEAR BUILT | 1966 | COMMUNITY | 0713 |
| COUNTY | ESSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 4, '24 | $2,000,000 |
|---|---|
| Mar 4, '24 - Today | $1,800,000 |
| ADDITIONAL DETAILS | |
| AREA | 0713 |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 2% -$125 |
| HEAT | Baseboard, Hot Water, Natural Gas |
| STYLE | Industrial |
| TAXES | 31900 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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