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$2,749,999
Est. payment /mo
5,472 SqFt
Coming Soon
129 Maple Ave Montclair Twp., NJ 07042
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 5,472 sqft
Price per Sqft $502
MLS Listing ID 3957991
Year Built 1914
Annual Tax Amount $29,521
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Mixed Use
Property Description
Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!
Location
State NJ
County Essex
Zoning R3
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Ductless Split AC, Window A/C(s)
Flooring Vinyl-Linoleum, Wood
Equipment Fire Alarm, Smoke Detector, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 8.0
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS PROSPERITY REALTY