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52 Sherman St
Montclair, NJ 07042
52 Sherman · Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 5,892 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1916 |
| Building Class | C | Parking Ratio | 2.6/1,000 SF |
| Zoning | C2, Monclair | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,892 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Parking Ratio | 2.6/1,000 SF |
| Zoning | C2, Monclair |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
ABOUT 52 SHERMAN ST , MONTCLAIR, NJ 07042
Marcus & Millichap is proud to present an opportunity to acquire a seven unit building in Montclair, New Jersey. This three story brick building is comprised of 5 one bedroom and 2 two bedroom apartments. The 0.9 acre lot consists of a building and a parking lot which has 12 parking spots. These are available for tenant use at no additional charge. The property is separately metered for gas and electric (tenants pay for their own utilities). The property also has seven boilers and seven hot water heaters (Tenants pay for their own heat and hotwater). Owner is responsible for common electric, water & sewer. Several units have had kitchens and baths upgraded. The roof was replaced three years ago. Additional upside can be achieved by bringing the basement one bedroom unit back on line. It is currently vacant but can be brought back online, according to owner, by complying with town requirements. Super is a long term tenant who lives in building (over 10 years). The property is adjacent to the train line to Hoboken/Manhattan and is a short walk to Montclair's Bay Street train station. It is also within a few blocks from the Hackensack medical center, Mountainside location.
PROPERTY TAXES
| Parcel Number | 13-04207-0000-00011 | Improvements Assessment | $451,700 |
| Land Assessment | $210,000 | Total Assessment | $661,700 |
PROPERTY TAXES
