422 Valley Rd

Montclair Twp, NJ 07043


 

Price: $1,399,999

GSMLS:  3966513
Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 3 Full
Garage: 3-Car
Year Built: 1922
Acres: 0.17
Property Tax: $22,663
Description
This Meticulously Maintained Three-unit Property With Separate Utilities And A Three-car Garage Offers A Projected Gross Annual Income Of $103,500 And An Estimated Net Of $77,900, Resulting In A 4.6% Cap Rate. Recently Bank Inspected With No Issues, This Rare Gem Sits On A Corner Lot In Highly Sought-after Upper Montclair, Just Blocks From The Watchung Train Station With A Direct Line To Nyc. Low Fixed Costs And Strong Net Returns Make It An Ideal Opportunity For Both Investors And Owner-occupants. The 1st And 2nd Floors Exude Charm With Hardwood Floors, Fireplaces, French Doors, And Private Porches. The 3rd Floor Unit Is A Fully Town-compliant 1 Bedroom Rental Showcasing A Modern Open Layout With Vaulted Ceilings, Skylights, Hardwood Floors And A Sun-drenched Living Space. Additional Highlights Include Separate Utilities For Each Unit, Two Laundry Rooms, Five Storage Areas In A Sparkling Clean Basement, And A Bonus Three-car Garage With A Total Of Six Off-street Parking Spaces. The Property Has Been Extensively Upgraded With A Roof Featuring 40-year Timberline Shingles And Plywood, A New Driveway, Thermal Windows, Updated Siding And Insulation, A New Sewer Line, And Auto-feeding Boilers. There's No Oil Tank Or Asbestos On The Property. This Is A Rare, Turn-key Opportunity To Own A Well-maintained, Income-producing Property In One Of Montclair's Most Desirable Neighborhoods. Property Is Being Sold As Is.
General Info
Style:
3-Three Story
SqFt Building:
3,480
Total Rooms:
17
Basement:
Yes - Full, Walkout
Interior:
Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, See Remarks, Shades, Smoke Detector, Tile Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X150
Lot Desc:
Corner, Level Lot
Parking
Garage Capacity:
3-Car
Description:
Detached Garage, Garage Parking
Parking:
Off-Street Parking
Spaces Available:
3
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Living Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Electric, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
MONTCLAIR
Community Information
County:
Essex
Town:
Montclair Twp.
Neighborhood:
Upper
Financial Considerations
List Price:
$1,399,999
Tax Amount:
$22,663
Land Assessment:
$303,800
Build. Assessment:
$362,200
Total Assessment:
$666,000
Tax Rate:
3.40
Tax Year:
2024
Listing Information
MLS ID:
3966513
List Date:
06-01-2025
Days On Market:
128
Listing Broker:
FOURTE INTERNATIONAL
Listing Agent:
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008
Fax: (973) 598-1908


Shawn and Diane Fox