NJ > Montclair Twp. > Walnut Street
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
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Laura Pallay

Laura Pallay

+1(908) 310-0613
$ 1,800,000
Est. payment | /mo

3,348 SqFt

Save
$ 1,800,000
Est. payment | /mo
Save

3,348 SqFt

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,348 sqft

Price per Sqft $537

Subdivision Walnut Street

MLS Listing ID 3878159

Year Built 1966

Annual Tax Amount $31,900

Tax Year 2023

Lot Size 0.280 Acres

Property Description

Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, 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. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.

Location

State NJ

County Essex

Zoning R2

Rooms

Basement Finished, Full, Walkout

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units, Wall A/C Unit(s)

Flooring Concrete, Laminate, Tile, Vinyl-Linoleum, Wood

Equipment Burglar Alarm, Intercom

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, See Remarks

Garage Spaces 12.0

Utilities Available Electric, Gas In Street, Gas-Natural

Roof Type Asphalt Shingle, Flat

Parking Type Assigned, Blacktop, Driveway-Exclusive, Off-Street Parking

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COMPASS NEW JERSEY LLC
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+1(908) 310-0613

laura@thepallayteam.com

1378 Rt. 206 Suite 202, Skillman, NJ, 08558, United States

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