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179 Walnut St

Montclair Twp., NJ 07042
  • $2,975,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 3823346
UPDATED: 18 min ago
$2,975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,600
    SQFT
  • $647
    $/SQFT
Type:
Commercial
Built:
1920
County:
Essex
Area:
Montclair Twp.

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Description

Potential, potential, potential are the 3 words to describe this property that has not been on the market for 30 plus years. This is an 11 unit building that rooming house designation. This property has rooming house designation so is subject to rent control. There are many possibilities for this building. It can be made into specialized housing. The type of specialized housing is usual leased through a government agency This property has great location as we are close to Mid-town direct and close to downtown. It has been well cared for and is ready to go.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-04T06:47:56.737.
www.srrealestategroup.com/homes/135823985
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179 Walnut St Montclair Twp., NJ 07042

  • Price: $2,975,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 18 min ago
  • MLS #: 3823346
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,600
SQFT
$647
$/SQFT
1920
Built
County:
Essex
Area:
Montclair Twp.
Property Description
Potential, potential, potential are the 3 words to describe this property that has not been on the market for 30 plus years. This is an 11 unit building that rooming house designation. This property has rooming house designation so is subject to rent control. There are many possibilities for this building. It can be made into specialized housing. The type of specialized housing is usual leased through a government agency This property has great location as we are close to Mid-town direct and close to downtown. It has been well cared for and is ready to go.
Exterior Features

Approximate Lot Size 60X120 IRR Available Parking Spaces 11 Construction Wood Exterior Description Vinyl Siding Location Residential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 2 Car WidthParking Lot-Shared Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished-Partially Cooling Window A/C(S) Equipment Available AppliancesFire AlarmSmoke Detector Floors CarpetingLaminateWood Heating 1 Unit Max Ceiling Height 10 Max Door Height 7 Number Of Lavatories 12 Office Sq Ft 0

Property Features

Available Immediately Expenses Include ElectricitySnow RemovalWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 171500 Net Operating Income 145300 Primary Property Type Apartment Complex Property Type Apartment ComplexSee Remarks Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 16923 Tax Rate Amount 3.288 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 26200 Utilities Gas-Natural Utilities Paid By Landlord Water Public Water Year Built Description Approximate Zoning R-2

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Village Square Realtors: 973-509-2222.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-04T06:47:56.737.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901