Property
Montclair Twp., NJ 07042 163 Park St
$1,600,000
12 more
Presented By: COMPASS NEW JERSEY LLC; 973-477-7252
Beds • 10
Baths • 5
SQFT • 4,945
Garage • 4
Home Details
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!
Presented By: COMPASS NEW JERSEY LLC; 973-477-7252
Interior Features for 163 Park St
Bedrooms
Total Bedrooms10
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft740
Unit 2 Sq Ft1008
Unit 3 Sq Ft824
Unit 4 Sq Ft882
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent2303
UnitType2TotalRent2048
UnitType3TotalRent2081
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Appl/EquipCarbMDet, CeilFan, CookGas, Dishwshr, SmokeDet, OvnWElec
BasementUnfinished, Walkout
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Other Rooms
Unit 4 Rooms4
Unit 2 Rooms4
Unit 1 Rooms4
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Den, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Kitchen
General for 163 Park St
Architectural StyleFixer Upper, See Remarks
CoolingNone
CountyEssex
DirectionsBetween Watchung and Chestnut
DriveBlacktop, Driveway-Exclusive, Off-Street Parking
EasementUnknown
Elementary SchoolMAGNET
ExclusionsA/C units and any personal property of the tenants.
Full Baths5
GarageDetached Garage, See Remarks
Garage Spaces4
Gross Income
Heating1 Unit, Radiators - Steam
High SchoolMONTCLAIR
Middle/Junior High SchoolMAGNET
Net Operating Income
Number Of Units Total4
Open Parking Spaces10
Operating Expense0
PossessionTBD
RoofAsphalt Shingle
ServicesCable TV Available, Garbage Included
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount29520
Tax Assessed Value873400
Tax Lot22
Tax Year2023
Total Rooms20
Town #1613
TownshipMontclair Twp.
UtilitiesElectric, Gas In Street
Water HeaterGas
Year Built1887
ZoningR1
Exterior for 163 Park St
Building Area Total4945
Exterior AmenitiesOpen Porch(es)
Exterior DescriptionAluminum Siding
Lot Dimensions34950SF
Lot FeaturesLevel Lot
Lot Size Acres0.80
Water SourcePublic Water, See Remarks
Additional Details
Price History
Schools
Elementary School
Magnet Elementary School
Middle School
Magnet Middle School
High School
Montclair High School
Jenniffer Bravo Llerena
Associate