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. 4 units are currently being rented, month to month. The 3rd floor (5th unit) is vacant.Bring your architects and/or your contractors!
Property Features
Parking
Off Street
Detached
Basement
Unfinished
Walk-Out Access
Heating Information
Natural Gas
Water Features
Public
Utilities
Cable Available
School Information
School Information for 163 Park St, Montclair Twp., NJ 07042
Elementary School
MAGNET
Middle School
MAGNET
High School
MONTCLAIR
Listing Courtesy: COMPASS NEW JERSEY LLC - 973-310-7360