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Listed by Laurena White Prominent Properties Sotheby's International Realty-Montclair
$ 899,000
Est. payment /mo
Open 7/25 2PM-4PM
70 Elm ST Montclair, NJ 07042
5 Beds
4 Baths
Open House
Sat Jul 25, 2:00pm - 4:00pm
Sun Jul 26, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26026296
Style 2 Family
Bedrooms 5
Full Baths 2
Half Baths 2
Property Sub-Type 2 Family
Property Description
Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential.
Location
State NJ
County Essex
Interior
Laundry None
Others
Virtual Tour https://www.70elmstreet.com/u/enqdazla
