About 1283 Valley Road 7
Investor Opportunity – Cash Buyers Only Welcome to 1283 Valley Road, Unit 7, an excellent turnkey investment opportunity located in one of Montclair’s most desirable and vibrant neighborhoods. This charming ground-level 1-bedroom, 1-bath condo is part of a beautifully restored Victorian home just steps from Montclair State University, dining, shopping, and NYC transportation. The unit is currently tenant-occupied with a lease in place through May 21, 2026, generating $1,900/month in rental income, with the tenant expressing interest in staying beyond the lease term—offering investors stable, immediate cash flow. Inside, the apartment features a renovated kitchen with granite countertops, a marble backsplash, and stainless steel appliances, along with a modern bathroom, freshly painted walls, and updated fixtures. Residents enjoy off-street parking and a PET-FRIENDLY community. Low annual taxes ($3,661) and a $382 monthly HOA fee that includes heat, hot water, insurance, landscaping, snow removal, water, and sewer make this a truly attractive, low-maintenance investment. Note: Building is non-warrantable — cash buyers only. Showings by appointment only with 24-hour notice.
