MLS® ID: 3591208
51 NEW ST
Montclair Twp., New Jersey, 07042-4541 $450,000
Great chance to pickup a legal two family in one of NJ's most desired townships just .3 miles to NYC train. Current cap rate of about a 7% with opportunity to make improvements & increase rents. Upstairs unit is decently updated and well kept by the stable tenants with SS appliances, hardwood floors & rear sun room with washer & dryer. Lower unit includes first floor & basement with 3 bedrooms, 2 full baths, & lots of space. Young driveway allows for off street parking & garage can be additional rental income. Just blocks away from the heart of Montclair's booming downtown, Glenfield Middle School, & around the corner from the 10 year old Charles Bullock Elemantary School.