About 163 Park St
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.
Features of 163 Park St
| MLS® # | 24027931 |
|---|---|
| Price | $1,600,000 |
| Type | Commercial Sale/Lease |
| Style | OTHER |
| Status | ACTIVE |
Community Information
| Address | 163 Park St |
|---|---|
| City | Montclair |
| County | ESSEX |
| State | NJ |
| Zip Code | 07042 |
Amenities
| Utilities | SEP ELEC, SEP GAS |
|---|---|
| Is Waterfront | Yes |
| Waterfront | NONE |
Interior
| Heating | GAS, RADIATORS |
|---|
Additional Information
| Date Listed | August 30th, 2024 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Susan Lovit |
|---|---|
| Office | Compass New Jersey, LLC-Montclair |