$1,800,000 - 136 Walnut St, Montclair Twp.
- -
- Bedrooms
- -
- Baths
- 3,348
- SQ. Feet
- 0.28
- Acres
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.
Essential Information
-
- MLS® #:
- 3878159
-
- Price:
- $1,800,000
-
- Square Footage:
- 3,348
-
- Acres:
- 0.28
-
- Year Built:
- 1966
-
- Type:
- Commercial
-
- Status:
- Active
Community Information
-
- Address:
- 136 Walnut St
-
- Subdivision:
- Walnut Street
-
- City:
- Montclair Twp.
-
- County:
- Essex
-
- State:
- NJ
-
- Zip Code:
- 07042-3853
Amenities
-
- Utilities:
- Electric, Gas-Natural, Gas In Street
-
- Parking Spaces:
- 12
-
- Parking:
- Assigned, Blacktop, Driveway-Exclusive, Off-Street Parking
Interior
-
- Heating:
- Electric, Gas-Natural
-
- # of Stories:
- 3
Exterior
-
- Exterior:
- Brick, See Remarks
-
- Lot Description:
- Level Lot
-
- Roof:
- Asphalt Shingle, Flat
Additional Information
-
- Date Listed:
- December 13th, 2023
-
- Days on Market:
- 156
-
- Zoning:
- R2
Listing Details
- Listing Office:
- Compass New Jersey Llc