163 Park St Active

Montclair Twp.,NJ 07042

$ 1600000

10 Beds

5 Baths

4945 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,945 sqft

Price per Sqft $323

MLS Listing ID 3921209

Style Fixer Upper, See Remarks

Bedrooms 10

Full Baths 5

Year Built 1887

Annual Tax Amount $29,520

Tax Year 2023

Lot Size 0.800 Acres

Property Description

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors!

Location

State NJ

County Essex

Zoning R1

Interior

Heating Gas-Natural

Cooling None

Exterior

Exterior Feature Aluminum Siding

Parking Features Detached Garage, See Remarks

Garage Spaces 4.0

Utilities Available Electric, Gas In Street

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water, See Remarks

Schools

Elementary Schools Magnet

Middle Schools Magnet

High Schools Montclair

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