Properties

Description

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!

Features

  • Heating System : 1 Unit, Radiators - Steam
  • Basement : Unfinished, Walkout
  • Roof Deck : Asphalt Shingle
  • Parking : 10
  • Parking Description: Blacktop, Driveway-Exclusive, Off-Street Parking
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extingui
  • Exterior Features: Open Porch(es)
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 873400
  • Sewer: Public Sewer
  • Water: Public Water, See Remarks

Appliances

  • Utilities: Electric, Gas In Street
  • Internet

Additional Info

  • Office Name: COMPASS NEW JERSEY LLC
  • Office MLS ID: 550202
  • Agent ID: 278676
  • Tax: 29520
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: R1

Multi-Family For Sale

For Sale
$1,600,000

163 Park St, Montclair Twp., *

  • SQFT 34,950 Acre
  • Bedroom 10
  • Built Year 1887

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5309096
  • Price: $1,600,000
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1887
  • Year Built Description: Approximate
  • Lot Area: 34,950 Acre
  • Status: Active
  • Days On Market: 22

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Montclair Twp.
  • Zipcode *
  • Street: Park St
  • Street Number: 163
  • Street Direction: Between Watchung and Chestnut
  • Floor Number: 0
  • Longitude: W75° 47' 24.3''
  • Latitude: N40° 49' 31.6''
  • Internet Display Address: Yes
Property