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301 Orange Rd
Montclair, NJ 07042
301A Orange Rd · Multifamily Property For Sale
·
3 Units
Property Facts
| No. Units | 3 | Building Size | 3,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2017 |
| Lot Size | 0.09 AC | Parking Ratio | 1/1,000 SF |
| Zoning | R2 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.09 AC |
| Building Size | 3,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2017 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Basement
- Dining Room
- Double Pane Windows
- Linen Closet
About 301 ORANGE RD , MONTCLAIR, NJ 07042
Rare 3-family house in booming Montclair, NJ. Great cash flow potential for investment purposes or live in the first unit and collect rent from other two and live virtually mortgage-free. There are three parking spaces in the rear of the building that can also be rented out for additional income for a total of $5,650 monthly rent roll (estimated) and a cap rate of ~7.5%. Unit 1 features brand new kitchen and stainless steel appliances, gleaming new floors and a renovated bathroom and is vacant. 2nd unit is a two-bedroom plus a den rented at market rate ($1850) and in decent condition. Third unit is also a two-bedroom which will be vacant December 1st and has value-add potential (potential rent $1600-$1700). Highly walkable with short distance to local shops, local parks, schools, houses of worship and a short walk to Glen Ridge NJ Transit train station. Property is located on Orange Rd with easy access to major highways with a 7-minute drive to the Parkway and a 5-minute walk to downtown that has been called the "Great American Main Street!"
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,800 | - |
Property Taxes
| Parcel Number | 13-04001-0000-00009 | Improvements Assessment | $88,300 |
| Land Assessment | $85,800 | Total Assessment | $174,100 |
Property Taxes
