$ 1,600,000
163 Park ST Montclair, NJ 07042
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Listed by Susan Lovit • Compass New Jersey, LLC-Montclair • (973) 477-7252
$ 1,600,000
Est. payment | /mo
$ 1,600,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24027931
Style Industrial
Annual Tax Amount $29,520
Property Description
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.
Location
State NJ
County Essex
Area Montclair
Building/Complex Name None
Interior
Heating Gas, Radiators
Exterior
Utilities Available Sep Elec, Sep Gas
Waterfront Description None
Others
Ownership Private
"My job is to build a relationship based on trust with our clients. Trusting us to navigate the complexities of real estate transactions seamlessly, ensuring a smooth and rewarding experience from start to finish. We help you achieve your property goals with confidence and peace of mind."
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