Lattimer Realty

76 Grove St,  MONTCLAIR, NJ 07042

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Property Highlights

  • MLS #: 4003954
  • County: Essex County
  • Type: RESIDENTIAL MULTI-FAMILY
  • Style:
  • Bedrooms: 6
  • Bathrooms: 4 full bath(s)
  • Number of rooms: 16
  • Garage/Parking: Detached Garage, See Remarks
  • Basement: Full, Unfinished, Walkout
  • Taxes: $16,320

 

Asking Price $1,450,000

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.

Features

 Year Built: 1890
 Garage: Detached Garage, See Remarks
 Lot Dimens: 63X200 IRR
 Lot Desc: Level Lot
 Heating/Cooling Type: 1 Unit, Baseboard - Hotwater, Radiators - Hot Water, See Remarks
 Fuel: Gas-Natural, See Remarks
 Siding/Exterior: See Remarks Partially Fenced, See Remarks
 Roof: Composition Shingle, See Remarks
 Public Util: Public Sewer, Sewer Charge Extra
 Interior: High Ceilings, See Remarks, Stain Glass Windows, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet,
 Fireplaces:
 Excluded: Tenant's PErsonal Belongings
 Elem School: MAGNET
 Middle School: MAGNET
 High School: MONTCLAIR

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