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Description

Introducing a premier commercial opportunity Class A rooming house that consist of three studio apartments and nine private single occupancy rooms in charming Montclair, NJ! This licensed rooming house, has been updated in 2021, boasts twelve efficiently designed units and ample off-street parking for up to six vehicles. Each space has been thoughtfully updated, featuring new vinyl flooring and a fresh coat of paint in selected rooms. Common areas shine with new Sheetrock, emergency lighting, and clear exit signage, ensuring a safe and welcoming environment for all occupants.Residents benefit tremendously from on-site conveniences like a pair of coin-operated washers and dryers in the basement simplifying laundry day in a snap! The exterior isn't left behind, with its durable vinyl siding and newly installed roof.Location is prime with proximity to key community sweet spots. The nearby Walnut Street train station and Bloomfield Ave bus stop provide efficient transit options for hassle-free commuting or leisure travels. Perfect for investors, this property is a true income powerhouse without the worry of rent control expected to generate gross income of $130,000 or more with a net income of $83,000. So if you're looking for not just a property, but a fruitful venture, this licensed rooming house may be it.

Features

Heating System : Radiators - Steam
Cooling System : Window A/c(s)
Basement : Full, Walkout, Storage
Roof Deck : Asphalt Shingle
Furnished : Tile, Carpeting, Laminate
Tax Assessed Valuation: 479900
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Natural
Internet

Additional Info

Office Name: RE/MAX SELECT
Office MLS ID: 158131
Agent ID: 310428
Tax: 16331
Tax Year: 2024
Application Fee: $0
Zoning: R-2

Commercial For Sale

For Sale

$1,290,000

99 Valley Rd, Montclair Twp., *

60 Acre
Built Year 1892

Details

Property Type: Commercial
Listing Type: For Sale
Listing ID: 5339941
Price: $1,290,000
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1892
Year Built Description: Renovated
Lot Area: 60 Acre
Status: Active
Days On Market: 2

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Essex
City Montclair Twp.
Zipcode *
Street: Valley Rd
Street Number: 99
Street Direction: Bloomfield Ave to Valley Rd, located between Bloom
Floor Number: 0
Longitude: W75° 46' 43.9''
Latitude: N40° 49' 11.1''
Internet Display Address: Yes