Condo, Townhouse $ 220,000

1283 Valley RD #7

Montclair, NJ 07043

  • 1 Bed
  • 1 Bath
    Full Baths: 1
  • - Year Built
Investor Opportunity – Cash Buyers Only Welcome to 1283 Valley Road, Unit 7, an excellent turnkey investment opportunity located in one of Montclair’s most desirable and vibrant neighborhoods. This charming ground-level 1-bedroom, 1-bath condo is part of a beautifully restored Victorian home just steps from Montclair State University, dining, shopping, and NYC transportation. The unit is currently tenant-occupied with a lease in place through May 21, 2026, generating $1,900/month in rental income, with the tenant expressing interest in staying beyond the lease term—offering investors stable, immediate cash flow. Inside, the apartment features a renovated kitchen with granite countertops, a marble backsplash, and stainless steel appliances, along with a modern bathroom, freshly painted walls, and updated fixtures. Residents enjoy off-street parking and a PET-FRIENDLY community. Low annual taxes ($3,661) and a $382 monthly HOA fee that includes heat, hot water, insurance, landscaping, snow removal, water, and sewer make this a truly attractive, low-maintenance investment. Note: Building is non-warrantable — cash buyers only. Showings by appointment only with 24-hour notice.
Listed by Hugo A. Palacios of Keller Williams Village Square Realty

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Condo, Townhouse

    Sub Type Condo

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 25038244

    Style Condo

    Bedrooms 1

    Full Baths 1

    HOA Fees $382/mo

    HOA Y/N Yes

    Annual Tax Amount $3,751

    Property Sub-Type Condo

  • Location

    State NJ

    County Essex

    Building/Complex Name None

  • Rooms

    Basement None

  • Building

    Lot Description 1st Flr Primary Bdrm, Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living

  • Interior

    Cooling Win/AC

    Fireplaces Number None

    Fireplace Yes

    Appliance Dishwasher, Ov/Rng/Ele, Refrigerator

  • Exterior

    Amenities Available Common Area

    Waterfront Description None

  • Schools

    Elementary Schools Call B.O.E.

    High Schools Call B.O.E.

  • Others

    Ownership Private

    Miscellaneous None

    Virtual Tour https://my.matterport.com/show/?m=vjWj4JRWxp6&mls=1

CONTACT

Hugo Palacios
Hugo Palacios

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