129 Maple Ave new Save Request In-Person Tour Request Virtual Tour
Montclair Twp.,NJ 07042
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,472 sqft
Price per Sqft $502
MLS Listing ID 3957991
Year Built 1914
Annual Tax Amount $29,521
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Mixed Use
Property Description
Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!
Location
State NJ
County Essex
Zoning R3
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Ductless Split AC, Window A/C(s)
Flooring Vinyl-Linoleum, Wood
Equipment Fire Alarm, Smoke Detector, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 8.0
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple