Asking Price $1,600,000
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.Bring your architects and/or your contractors!
| Square Feet: | 4945 |
| Year Built: | 1887 |
| Garage: | Detached Garage, See Remarks, 4 Car |
| Lot Dimens: | 34950SF |
| Lot Desc: | Level Lot |
| Heating/Cooling Type: | 1 Unit |
| Fuel: | Gas-Natural |
| Siding/Exterior: | Aluminum Siding Open Porch(es) |
| Roof: | Asphalt Shingle |
| Public Util: | Public Sewer, Sewer Charge Extra |
| Water Type: | Public Water |
| Flooring: | Carpeting, Laminate, Tile, Vinyl-Linoleum, Wood |
| Interior: | CODetect,FireExtg,SmokeDet,TubShowr |
| Fireplaces: | 4 |
| Included: | Carbon Monoxide Detector, Cooktop - Electric, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, See R |
| Excluded: | A/C units and any personal property of tenants. |
| Elem School: | MAGNET |
| Middle School: | MAGNET |
| High School: | MONTCLAIR |
Listing Agent:
Listing Broker:
COMPASS NEW JERSEY LLC
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