Discover a prime Montclair investment that delivers both strong returns and unbeatable location. This fully leased four-unit Colonial offers an approximate 5.8% cap rate and timeless curb appeal just blocks from Montclair?s best dining, shopping, and arts scene. The property includes two spacious 2-bedroom units, one 1-bedroom, and one studio apartment?each well-maintained with reliable tenants. Updates include a newer water heater, electrical panels, and furnace, and the underground oil tank has already been removed. A detached 4-car garage plus additional parking for 4?6 vehicles adds exceptional convenience and potential income. Perfectly positioned between two NYC-direct train stations and moments from the Montclair Farmers Market, Wellmont Theater, and Art Museum?this property is an ideal blend of location, stability, and long-term value.
Active
$1,450,000
76 Grove St #4, Montclair Twp., NJ 07042
6beds
3,550sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$408/sqft
$-- HOA
What's special
Timeless curb appeal
- 128 days |
- 391 |
- 11 |
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