129 Maple Ave

montclair twp., NJ 07042-4529

$2,749,999

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    Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!

    Details

    5,472 Sq Ft

    6,098.4 Sq Ft Exterior Space

    Commercial

    $29,521 Annual Tax

    Built in 1914

    MLS/Listing ID 3957991

    3 Stories

    7 Units

    Amenities & Features

    Flat

    Listing Courtesy of KELLER WILLIAMS PROSPERITY REALTY, DAVID EDWIN ARTEAGA

    GSMLS

    Source of Data: GARDEN STATE MLS

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