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Listed by Laurena White Prominent Properties Sotheby's International Realty-Montclair
$ 1,600,000
Est. payment /mo
New
41 Mission ST Montclair, NJ 07042
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26014551
Style 4 Family
Bedrooms 7
Full Baths 4
Property Sub-Type 4 Family
Property Description
Exceptional investment opportunity in the heart of Montclair! 41 & 43 Mission Street are being offered together, presenting two adjacent lots. 41 Mission featuring a grandfathered three-unit property and 43 Mission along with a shared gravel parking area. All four units are currently tenant-occupied, generating approximately $107,000 in annual income, making this an ideal turnkey investment with immediate cash flow. The three-family at 41 Mission was fully gut renovated in 2022 and showcases modern upgrades throughout, including vinyl plank flooring, updated kitchen appliances, new plumbing and electrical systems, new windows, furnaces, hot water heaters, and the added convenience of a washer and dryer in the basement. The single-family home at 43 Mission offers additional income potential or future redevelopment flexibility. Zoned R2, this unique offering provides multiple paths for value creation. Investors may choose to maintain the current income stream by extending tenant leases or explore redevelopment opportunities, including converting the single-family to a two-family or reimagining both lots once leases expire. Ideally located near NYC direct train access, Glenfield School and Park, and Montclair's vibrant restaurant and shopping scene, this property combines strong income with long-term upside in a prime location. A 3D Matterport tour is available for virtual preview. Detailed expense information will be provided to qualified buyers upon request
Location
State NJ
County Essex
Interior
Laundry None
Others
Virtual Tour https://listings.vmdpros.com/sites/u/rojvqaxd
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