54 Label St

Description

Location, lifestyle, and investment potential come together in this renovated two-family home in the heart of Montclair! Across from Erie Park and Walnut St train station, with Midtown Direct and Hoboken service, this exceptional property puts Montclair at your doorstep. The farmers market, cafes, restaurants, bakeries, and a craft brewery are just one block away. Four floors of finished living space comprise two spacious duplex apartments. The first- floor unit offers 2 bedrooms, a renovated kitchen, LR, DR, 2 full baths, and a beautifully finished lower level with flexible recreation and office space, plus laundry. Additional bedrooms may be possible with proper egress windows and approvals. The upper duplex features 3 bedrooms, a renovated kitchen, LR, DR, full bath with tub/shower, dedicated laundry and a charming three-season room. The sunny, south-facing front overlooks the park, with a spectacular seating area and lush landscaping creating privacy. A fully fenced rear area w/parking for 4 cars, and a storage shed for each unit add convenience. Separate heating systems, water and electric meters offer practical independence. Delivered vacant, this is a compelling opportunity to live in one unit and generate rental income, or invest in a prime, convenient Montclair location!

Property details

Type

Multi-Family

Lot dimensions

30X101 IRR

Bedrooms

5

Bathrooms

3 full

Year built

1917

Subdivision

Walnut St Area

Units

2

Possession

at closing

MLS #

4058444

Schools

Elementary

MAGNET

Middle

MAGNET

High

MONTCLAIR