NJ > Montclair Twp. > Walnut Street
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
Montclair Twp., NJ 07042,136 Walnut St
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$1,800,000
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3,348 SqFt
Under Contract

136 Walnut St Montclair Twp., NJ 07042

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Carla Elfeld

Carla Elfeld

+1(646) 541-1172

UPDATED:

09/20/2024 04:50 PM

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,348 sqft

Price per Sqft $537

Subdivision Walnut Street

MLS Listing ID 3878159

Year Built 1966

Annual Tax Amount $31,900

Tax Year 2023

Lot Size 0.280 Acres

Property Description

Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, this 8-unit apartment building can become the anchor of your growing real estate portfolio. With 4 different floor plans, this property offers 4 one bedroom units, and 4 studios, with shared coin-op laundry, on site parking, and a stellar location. A majority of units have been renovated and the roof is only 7 years old. 3 units remain, creating a great opportunity for future owners to add value to the property. Tenants pay for electricity for their stoves, lights and in-unit Air Conditioning. Owner pays for heat, hot water and internet. Building is well equipped with security camera system, and remote accessible front door entry system. Laundry is a smart system with Phone App capabilities. Property is 100' by 120' or .28 acres with 12 parking spaces, a beautiful front lawn, plus a garbage and maintenance shed in the back. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.

Location

State NJ

County Essex

Zoning R2

Rooms

Basement Finished, Full, Walkout

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units, Wall A/C Unit(s)

Flooring Concrete, Laminate, Tile, Vinyl-Linoleum, Wood

Equipment Burglar Alarm, Intercom

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, See Remarks

Garage Spaces 12.0

Utilities Available Electric, Gas In Street, Gas-Natural

Roof Type Asphalt Shingle, Flat

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COMPASS NEW JERSEY LLC

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Carla Elfeld

Broker | License ID0337301

+1(646) 541-1172

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136 Walnut St