Active

163 Park St

Montclair Twp NJ, 07042

$1,600,000


$323.56 per sqft

Active

4,945 sqft

Commercial

Built in 1887

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!

3921110

MLS ID

August 29, 2024

Listed

October 1, 2024

Updated

Map

163 Park St
Montclair Twp NJ, 07042

Interior Features

Total Stories

3


Interior Features

Carpet, Laminate, Tile, Vinyl, Wood


Floor Description

Carpet, Laminate, Tile, Vinyl, Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.8 Acres


Lot Features

Level


Roof

Asphalt


Sewer

Public Sewer

Other Property Details

Taxes

$29,520


Tax Frequency

Annually


Days on Market

10


Garage

No


Parking

Off Street


View

No


County

Essex


Water Source

Public


Pool

No


Zoning

R1

Listing History

Date

Event

Price

9/5/2024

Active

Courtesy of COMPASS NEW JERSEY LLC with SUSAN LOVIT, DANA FARBER SCHWERN
Listing Contact: 9733107360 

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