MLS® ID: 3547598
39 S WILLOW ST
Montclair Twp., New Jersey, 07042-3309 $2,950,000
Adjacent to the new $135 million Montclair Redevelopment Project, The Willows Home is a 15-Unit facility catering primarily to retired military veterans. They provide rooming and three daily meals to tenants; No nursing care is provided. This is a three-story building above the ground-floor level. The first floor has a community family room, dining room, living room, kitchen, along with two tenant bedrooms, and three bathrooms. The ground floor has 5 bedrooms and 4 bathrooms, and the second floor has 8 bedrooms and 4 bathrooms. The third floor is designated for staffing and has an open family area and 4 bedrooms. At a 6.3 CAP this is a great investment opportunity. THIS PROPERTY CAN ALSO BE DEVELOPED AS NEW CONDOS WITH A MINIMUM OF SIX UNITS.