76 Grove St

Description

A rare Montclair multi-family opportunity offering timeless architecture, strong income, and a location that's second to none. This fully leased four-unit Colonial delivers approximately a 5.8% cap rate with consistent, low-maintenance income and includes two spacious 2-bedroom apartments, one 1-bedroom, and a studio. Updated systems furnace, electric panels, and water heater along with underground oil tank removal provide peace of mind, while a detached 4-car garage and additional parking for 4"6 vehicles offer added convenience and income potential. Ideally situated between two NYC-direct train stations and just steps from Montclair's vibrant downtown restaurants, boutiques, caf s, and the Wellmont Theater, this is a compelling opportunity for the savvy investor or owner seeking long-term stability in one of New Jersey's most desirable rental markets.

Property details

Type

Multi-Family

Lot size

0.29 acres

Lot dimensions

63X200 IRR

Bedrooms

6

Bathrooms

4 full

Building size

3,550 sqft

Year built

1890

Garage

4 car

Units

4

Zoning

Residential

Possession

45-60 Days

MLS #

4003954

Schools

Elementary

MAGNET

Middle

MAGNET

High

MONTCLAIR