73-75 Glenridge Ave - Apartments FOR SALE


Montclair, NJ 07042
$4,200,000 USD
973-454-3218
73-75 Glenridge Ave, Montclair, NJ for Sale
$4,200,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

73-75 Glenridge Ave
Montclair, NJ 07042


OVERVIEW

Rare opportunity to buy a renovated investment portfolio for sale in Montclair, NJ only 1 block from Bay Street Train Station. Perfect for 1031 exchange buyers, investment property owners or an owner occupant who is looking live in one of the units and collect rental income to offset their mortgage. There is even the opportunity to start your own business or have a separate office on site. All the properties were fully renovated 2022. 75 Glenridge Ave: consists of a 3-family home, a single family home, a commercial retail space currently used for storage, 13 rentable parking spots, 3 rentable storage units in the basement. (Apt #1: 3-bed, 1-bath. / Apt #2: 3-bed, 1-bath. / Apt #3: 1-bed, 1-bath. / House: 3-bed, 1.5-bath +retail) 73 Glenridge Ave: consists of a 2-family home, a finished office at basement level which was used by the owner, 6 rentable parking spots, 3 rentable storage units in the basement and conceptional renderings to convert the 2nd floor duplex to a 3-unit rental property. (Apt #1: 4-bed, 2-bath. / Apt #2: 4-bed, 2-bath. + Office) *All the apartments are currently occupied. The pictures were taken when the apartments were vacant. For financials and additional information, please email roman.drukarov@foxroach.com

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$578 USD /SF

# OF UNITS

6

PRICE/UNIT

$700,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-unit Portfolio + Retail & Office

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,590 SF

ZONING

R4

APN/PARCEL ID

13-04208-0000-00039,13-04208-0000-00040

ASK ABOUT THIS PROPERTY

Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

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Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.