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Shirley Colon-Crocitto

REALTY ONE GROUP OPEN DOOR

oneteamrog@gmail.com +1(732) 947-2083

$ 1,149,000

Est. payment | -/mo

10 Beds

4 Baths

3,564 SqFt

Save

$ 1,149,000

Est. payment | -/mo

Save

10 Beds

4 Baths

3,564 SqFt

Open House

Sun Dec 14, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,564 sqft

Price per Sqft $322

MLS Listing ID 3999658

Style 3-Three Story

Bedrooms 10

Full Baths 4

Year Built 1907

Annual Tax Amount $13,884

Tax Year 2024

Property Description

PRIME MONTCLAIR OPPORTUNITY! Live Smart or Invest Wise!Legal 2-family on desirable North Willow St! 3,563 SF total living space on 4,636 SF lot. Built 1907, effective age 10 yrs, well-maintained UNIT #1 (1st Floor) - VACANT & READY: 4 bed, 1 bath, 1,493 SF. Perfect for owner-occupant or select your ideal tenant!UNIT #2 (2nd Floor) - PREMIUM INCOME: 6 bed, 3 bath, 2,071 SF. Rare large unit with strong rental demand.OWNER-OCCUPANT OPPORTUNITY: Live for just $2,161/mo effective cost! With simple $10K-$15K upgrades to Unit #2 (kitchen, baths, finishes), rent at $5,000/mo while tenant covers 70% of your total housing expenses. Comparable homes rent for $4,500-$6,500/mo - you live for less than half that while building equity in a $1.149M asset!INVESTOR VALUE-ADD: Current income $100K+/yr. Strategic $12.5K renovation increases NOI to $69,688 (6.06% cap rate) and creates $31K-$51K instant equity. Self-managed cash flow $930/mo with 15-17% total annual returns including appreciation & tax benefits.Property tax $14,345/yr. Flood zone AE - Estimated Flood insurance $1,300-$1,700/yr (Verify on FEMA website)LOCATION: Walk to schools, downtown Montclair, NYC transit. Established neighborhood with strong appreciation history.Perfect for savvy buyers seeking affordable homeownership OR value-add investors! Don't miss this rare legal 2-family with 6-bed premium unit!

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished

Interior

Heating Gas-Natural

Cooling 2 Units, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features On-Street Parking

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by IMPROOV HOMES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(732) 947-2083

oneteamrog@gmail.com

2 Bridge Ave, Bank, NJ, 07701, United States

70 N Willow St Montclair Twp., NJ 07042

Shirley Colon-Crocitto

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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70 N Willow St