422 Valley Rd

Montclair Twp, NJ 07043


 

Price: $1,660,000

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
Are You Looking For An Investment To Super-size Your Wallet? Look No Further Than This Pristine Multi-family Gem On A Corner Lot In Highly Sought-after Upper Montclair. This Property Features Three Impressive Rental Units With Low Fixed Costs And Strong Net Returns, With The Potential For A Gross Operating Income Of $8,625/mo (4.6% Cap Rate) Making It An Ideal Opportunity For Both Investors And Owner-occupants. Perfectly Situated Just Blocks From The Watchung Train Station, With A Direct Line To Nyc And Easy Access To Montclair Schools. 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:
$1,660,000
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:
5
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: SeasonsGlenCondos.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