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$ 1,149,000
Est. payment /mo
New
70 N Willow St Montclair Twp., NJ 07042
3 Beds
2 Baths
19,998 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,998 sqft
Price per Sqft $57
MLS Listing ID 3999144
Style 2-Two Story
Bedrooms 3
Full Baths 2
Year Built 1907
Annual Tax Amount $13,884
Tax Year 2024
Property Description
Beautifully updated 1907 Victorian legal 2-family in Montclair's most walkable neighborhood (Walk Score 96/100). Exceptional opportunity for owner-occupants or investors.PROPERTY: 3,552 sq ft, 9BR/2BA total. Unit 1 (1st floor): 4BR/1BA. Unit 2 (2nd floor): 5BR/1BA. 2-car garage, 4,636 sq ft lot.RECENT UPDATES: Modern kitchen w/granite counters & SS appliances, refinished original hardwood floors, fresh paint, updated siding, contemporary lighting throughout.INVESTMENT HIGHLIGHTS: Strong 5.63% cap rate, low taxes ($14,345/yr), turnkey condition, excellent rental market. Current rental potential: $91,200/yr ($3,600+$4,000/mo).OWNER-OCCUPANT BENEFITS: Live for $3,111-$3,511/mo effective cost while tenant covers 44-51% of housing expenses. Save $489-$989/mo vs. renting while building $265K-$295K equity over 5 years through rent savings, principal paydown & appreciation.LOCATION: Top schools (8/10 rating), 35-min NYC via NJ Transit (6 stations nearby), walk to downtown dining/shopping, Montclair Art Museum, Wellmont Theater, parks.FEATURES: Multi-zone HVAC, public utilities, wood-burning stove, deck, stone foundation, separate utilities per unit, original Victorian details w/modern updates.Perfect for house-hacking or long-term appreciation play!
Location
State NJ
County Essex
Interior
Heating Gas-Natural, See Remarks
Cooling 2 Units, See Remarks
Heat Source Gas-Natural, See Remarks
Exterior
Exterior Feature See Remarks, Wood
Parking Features Garage Parking, See Remarks
Garage Spaces 2.0
Utilities Available See Remarks
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water, See Remarks
Architectural Style 2-Two Story
Others
Senior Community No
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