76 Grove StMontclair Twp., NJ 07042

Description

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

3-Three Story / See Remarks

Year built

1890

Stories

3

Living area

3,550 Sq Ft

Lot size

0.29 acres

Garage spaces

4

Days on market

298

MLS^® Listing#

4003954

Property Features

Interior

Walk-In Closet(s)

Appliances

Gas Water Heater

Heating

Baseboard · Natural Gas · Hot Water · Radiant

Flooring

Tile · Vinyl

Basement

Full · Unfinished · Walk-Out Access

Parking

Off Street · Detached

Lot features

Level

Roof

Composition

Sewer

Public Sewer

Water source

Public

Schools

Elementary

MAGNET

Middle

MAGNET

High

MONTCLAIR

Financial Details

Annual taxes

$16,320Tax year 2024

Assessed value

$479,600

Parcel number

1613-03212-0000-00029-0000-

Directions

Grove Street, between Glenridge and Claremont Avenues