Description
Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential.
Details
| MLS # | 26026296 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Days On Site | 85 |
| Listing Provided By | Prominent Properties Sotheby's International Realty-Montclair | Laurena White |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
Interior
| Rooms | 10 |
|---|---|
| Laundry | None |
Parking
| Number Of Garage Spaces | 0 |
|---|
Utilities
| Utilities | Sep Elec, Sep Gas, Sep Heat |
|---|
Taxes
| Taxes | 12045 |
|---|
Area Information
| State | NJ |
|---|---|
| County | ESSEX |
| City | Montclair |
| Zip Code | 07042 |
| Area | Montclair |
| Listing VS Median (in 07042) | |
Price: $899,000 low | high Med: $0 On site: 85 low | high Med: | |
Market Activity 07042
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | ESSEX |
| City | Montclair |
| Zip Code | 07042 |
| Area | Montclair |
| Listing VS Median (in 07042) | |
Price: $899,000 low | high Med: $0 On site: 85 low | high Med: | |
