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1/45
Sale
Multi-Family (2-4 Units)
Montclair, Essex County, New Jersey
Bedrooms
5 Beds
Bathrooms
2 Baths
Total Area
1,994 undefined
Property Ref
ZE45W2
Price
$ 899,000

Mayfair Branch
Description
70 Elm Street, Montclair, NJ 07042
Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential.
Features & Amenities
Disclaimer: Please note that all sizes listed are approximate and based on documentation provided at the time of listing the property. Exact unit/plot sizes may vary from what is presented above.
Location
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Let's get in touch

Mayfair Branch
Listed Office
United Kingdom Sotheby's International Realty
48 Conduit Street, London, England, W1S 2YR