Discover a prime Montclair investment that delivers both strong returns and unbeatable location. This fully leased four-unit Colonial offers an approximate 5.8% cap rate and timeless curb appeal just blocks from Montclair?s best dining, shopping, and arts scene. The property includes two spacious 2-bedroom units, one 1-bedroom, and one studio apartment?each well-maintained with reliable tenants. Updates include a newer water heater, electrical panels, and furnace, and the underground oil tank has already been removed. A detached 4-car garage plus additional parking for 4?6 vehicles adds exceptional convenience and potential income. Perfectly positioned between two NYC-direct train stations and moments from the Montclair Farmers Market, Wellmont Theater, and Art Museum?this property is an ideal blend of location, stability, and long-term value.
Property Features
Heating Information
Baseboard
Natural Gas
Hot Water
Radiant
Basement
Full
Unfinished
Walk-Out Access
Parking
Off Street
Detached
Water Features
Public
House Interior
Walk-In Closet(s)
School Information
School Information for 76 Grove St 4, Montclair Twp., NJ 07042
Elementary School
MAGNET
Middle School
MAGNET
High School
MONTCLAIR
Listing Courtesy: BROWN HARRIS STEVENS NEW JERSEY - 973-744-6033