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$649,000 For Sale

301a Orange Rd
Montclair Twp., NJ 07042

3 units | Multi Family Home
3920 sq ft lot - MLS# 3421306
Property Photo
1/13

Description

Pristine legal 3-family house in booming Montclair, NJ. Great cash flow potential for investment purposes or live in the first unit and collect rent from other two and live virtually mortgage-free. There are three parking spaces in the rear of the building that can also be rented out for additional income for a total of $5,650 monthly rent roll and a cap rate of 7%+. Unit 1 features brand new kitchen and stainless steel appliances, gleaming new floors and a renovated bathroom. Highly walkable w/short distance to local shops, local parks, schools, houses of worship and a short walk to Glen Ridge NJ Transit train station. Property is located on Orange Rd with easy access to major highways with a 7-minute drive to the Parkway and a 5-minute walk to downtown that's been called the ?Great American Main Street!?

Features

  • # of Parking Spaces: 3
  • Approximate Lot Size: 35X116
  • Basement: Finished-Partially Yes
  • Baths (full): 3
  • Bedrooms: 6
  • Construction Date/Year Built Des: Standing
  • Cooling: Window A/C(s)
  • County/Area: Essex County
  • Directions: Take Valley Rd Take Harrison Ave to Cedar turn left and drive to orange Rd
  • Easement: Yes
  • Easement Desc: DRIVEWAY
  • Expenses Include: Electric, Hot & Cold Water
  • Exterior Description: Stone, Stucco, Composition Shingle
  • Exterior Features: Open Porch(es)
  • Fuel Type: Gas-Natural
  • Gross Operating Income: 68000
  • Heating: 3 Units, Radiators - Hot Water
  • High School: Montclair
  • Interior Features: Tile Floors, Wood Floors, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Listing Status: Active
  • Lot Identifier: 8
  • Net Operating Income: 51000
  • Parking Spaces: 3
  • Parking/Driveway Description: 1 Car Width, Driveway-Shared, Off-Street Parking
  • Property Type: Multi Family Home
  • Roof Description: Asphalt Shingle
  • Services: Cable TV Available, Fiber Optic Available, Garbage Included
  • Sewer: Public Sewer
  • Sq.Ft.: 2825
  • Sub Type: Multi Family Home
  • Tax Amount: $11,141
  • Total Baths: 3.00
  • Total Operating Expense: 17000
  • Total Rooms: 13
  • Unit 1 Appl/Equip: CarbMDet, Microwav, CeilFan, RgOvGas, CookGas, Dishwshr, KitExhFn
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 1
  • Unit 1 Levels: 1
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 1 Rent: 2000
  • Unit 1 Room Description: Kitchen, Living/Dining Room, Porch, Storage, Bedrooms, Pantry
  • Unit 1 Rooms: 4
  • Unit 2 Appl/Equip: CarbMDet, Microwav, CeilFan, RgOvGas, CookGas, Dishwshr
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 1
  • Unit 2 Levels: 2
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 2 Rent: 1850
  • Unit 2 Room Description: Dining Room, Kitchen, Bedrooms, Den, Living Room, Pantry
  • Unit 2 Rooms: 5
  • Unit 2 Security Deposit: 1500
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Ceiling Fan(s), Range/Oven - Gas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Levels: 3
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 3 Rent: 1600
  • Unit 3 Room Description: Kitchen, Living/Dining Room, Storage, Bedrooms, Pantry
  • Unit 3 Rooms: 4
  • Unit Style: 3-Three Story
  • Units: 3
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Year Built: 1914
  • Zip Code: 07042
  • Zoning: RES

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*Contact Information NOT Shared*

Anand Agarwala
1110 Hamilton Blvd.,
South Plainfield,NJ07080
Phone: 973-457-4159 Personal
              732-7272280 Office
Email: aagarwala@aol.com
Web site:  www.agarwalarealty.com