Property Description

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. Financials are available upon request.

Property Features