Description
One of just a couple dozen multifamily properties right on Watchung Plaza in Upper Montclair. Two huge units with 4 beds + 1 bath in Unit 1 ($2900/month) and 5 beds + 2 baths in Unit 2 ($3,785/month). Tenants pay for electric and gas, landlords pay for sewer and water. Separate furnaces and water heaters. Shared laundry and storage rooms in the basement. Currently fully occupied with recently renewed leases, PLUS additional income from rented garage & parking spaces. Over 16 parkings spaces on site and a 2 car garage. Development friendly ?Neighborhood Commercial? Zoning allowing 28 units per acre, and Mixed-Use development. Lot is 11,975.79 square ft. Opportunity is abundant with this ?in-town? location! Surrounded by shops, restaurants, and a 45 minute train to Penn Station, NYC. Adjacent property is also for sale by a different owner and broker. POF required for all showings. Showings only during designated windows. Inquire for times.
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9BEDS
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0.27ACRES
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3BATHS
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01/2 BATHS
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2,916SQFT
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$411$/SQFT
School Information
Description
One of just a couple dozen multifamily properties right on Watchung Plaza in Upper Montclair. Two huge units with 4 beds + 1 bath in Unit 1 ($2900/month) and 5 beds + 2 baths in Unit 2 ($3,785/month). Tenants pay for electric and gas, landlords pay for sewer and water. Separate furnaces and water heaters. Shared laundry and storage rooms in the basement. Currently fully occupied with recently renewed leases, PLUS additional income from rented garage & parking spaces. Over 16 parkings spaces on site and a 2 car garage. Development friendly ?Neighborhood Commercial? Zoning allowing 28 units per acre, and Mixed-Use development. Lot is 11,975.79 square ft. Opportunity is abundant with this ?in-town? location! Surrounded by shops, restaurants, and a 45 minute train to Penn Station, NYC. Adjacent property is also for sale by a different owner and broker. POF required for all showings. Showings only during designated windows. Inquire for times.
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Data last updated 2024-09-12T13:47:02.84.