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Listed by David E. Arteaga Keller Williams Prosperity Realty
$ 2,749,999
Est. payment | /mo
$ 2,749,999
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25013013
Style Retail
Property Sub-Type Retail
Property Description
Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!
Location
State NJ
County Essex
Interior
Heating Baseboard, Gas, Hot Air, Multi-Zone
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Thomas Mikalouskas
REALTOR® | Lic# 0235388