76 Grove St,Montclair Twp., NJ 07042
Montclair Twp., NJ 07042
Description
A rare Montclair multi-family opportunity offering timeless architecture, strong income, and a location that's second to none. This fully leased four-unit Colonial delivers approximately a 5.8% cap rate with consistent, low-maintenance income and includes two spacious 2-bedroom apartments, one 1-bedroom, and a studio. Updated systems furnace, electric panels, and water heater along with underground oil tank removal provide peace of mind, while a detached 4-car garage and additional parking for 4"6 vehicles offer added convenience and income potential. Ideally situated between two NYC-direct train stations and just steps from Montclair's vibrant downtown restaurants, boutiques, caf s, and the Wellmont Theater, this is a compelling opportunity for the savvy investor or owner seeking long-term stability in one of New Jersey's most desirable rental markets.
Details
| MLS # | 4003954 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 258 |
| Listing Provided By | BROWN HARRIS STEVENS NEW JERSEY | BARBARA HUGHES |
Features
| Bath(s) | 4 Total |
|---|---|
| Garage | 4 |
| Basement | Y |
| Zoning | Residential |
Taxes
| Property | 16320 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Montclair Twp. |
| Zip Code | 07042 |
| Area | Essex |
| School District | MONTCLAIR |
| Elementary School | MAGNET |
| High School | MONTCLAIR |
| Listing VS Median (in 07042) | |
Price: $1,325,000 low | high Med: $3,600 On site: 258 low | high Med: 46 | |
Market Activity 07042
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Montclair Twp. |
| Zip Code | 07042 |
| Area | Essex |
| School District | MONTCLAIR |
| Elementary School | MAGNET |
| High School | MONTCLAIR |
| Listing VS Median (in 07042) | |
Price: $1,325,000 low | high Med: $3,600 On site: 258 low | high Med: 46 | |
