82 Grove St - Apartments FOR SALE


Montclair, NJ 07042
$1,995,000 USD
862-621-5890
82 Grove St, Montclair, NJ for Sale
$1,995,000 USD
Apartments - FOR SALE
1/68
null | 6.86% Cap Rate

82 Grove St
Montclair, NJ 07042


HIGHLIGHTS

  • Near Bay Street Train Station (Mid-Town Direct)
  • Right Off Of Bloomfield Ave (Heart of Montclair)
  • Functional Layouts

OVERVIEW

This beautifully renovated 4-family property in the heart of Montclair offers a perfect blend of functionality and modern luxury. Renovated from top to bottom, the exterior features brand new siding, a new roof, and all new windows, providing strong curb appeal and long-term peace of mind. Inside, each unit showcases updated walls and stunning oak wood-style flooring that creates a bright and vibrant atmosphere throughout. The layouts are both functional and thoughtfully designed, offering comfortable and practical living spaces for today's lifestyle. Every unit is equipped with an all-in-one washer and dryer, along with brand new appliances and new hot water heaters for added convenience. The property also features a brand new mini split HVAC system, ensuring efficient heating and cooling year-round. A welcoming front mail room adds to the building's appeal, while motion-sensor lighting in the foyer and common stairways enhances both safety and convenience. Set on a deep lot, the property includes parking for up to 10 cars shared among the units, as well as expansive storage units in the rear. Ideally located just off Bloomfield Avenue, residents are minutes from Montclair's vibrant downtown with shops, dining, and entertainment. Bay Street Station is less than a 10-minute walk, offering direct access to NYC. A rare opportunity to own a fully renovated, potential income-producing property in a prime location with strong rental appeal.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

4

PRICE/UNIT

$498,750

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,398 SF

ZONING

R-3

APN/PARCEL ID

13-03212-0000-00026

ASK ABOUT THIS PROPERTY

David ArteagaKeller Williams Prosperity RealtyMore Info
862-621-5890

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David ArteagaKeller Williams Prosperity RealtyMore Info
862-621-5890

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