163 Park Street, Montclair, NJ 07042

$1,600,000 Asking Price

10 beds
5 baths

Don't miss this incredible opportunity! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled w/in a single-family zone on a spacious flat lot w/ ample parking (4 garage spaces, one is currently being rented for $125 per month, ea tenant can have 2 outdoor spots) & generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's & NYC direct train- & close to Walnut St Farmer's Market too! This offers the flexibility to remain a 5-family residence or be converted to a 2, 3, or 4-family home. Each unit features separate utilities, w/ paid lndry available in the basement. Surrounded by beautiful homes, the neighborhood would welcome a single family conversion or new build. The house & garage are being sold in strictly AS IS. To accommodate tenants, showings are scheduled for 9/5 12PM-4PM & 9/6 9AM-1PM. Bring your realtor &/or contractor!


Features & Amenities

Interior

Basement:
Full,Unfinished
A/C:
Gas,Radiators,Steam
Heating:
Gas,Radiators,Steam
Fireplace:
None

Exterior

General:
Aluminum
Style:
Colonial

Construction

General:
Other

Location

HOA Amenities:
None
County:
ESSEX

This listing courtesy of:
Compass New Jersey, LLC-Montclair, Susan Lovit

About Montclair, NJ

Housing

Number of Units
16,185
Median Home Value
$638,464
Median Rent
$1,653

40.15% of housing units are renter occupied.

4.64% are vacant.

Commute

Car
36.94%
Public Transportation
16.65%
Walk to Work
1.99%
Work from Home
44.05%
Other
0.29%

The median travel time to work is 24 minutes.

People

Population
40,058
Median Age
37.80
Median Household Size
2.88

Education

High School
10.16%
Associate’s Degree
4.01%
Bachelor’s Degree
35.82%
Graduate Degree
35.18%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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