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39 S Willow St, Montclair Twp.
Adjacent to the new $135 million Montclair Redevelopment Project, The Willows Home is a 15-Unit facility catering primarily to retired military veterans. They provide rooming and three daily meals to tenants; No nursing care is provided. This is a three-story building above the ground-floor level. The first floor has a community family room, dining room, living room, kitchen, along with two tenant bedrooms, and three bathrooms. The ground floor has 5 bedrooms and 4 bathrooms, and the second floor has 8 bedrooms and 4 bathrooms. The third floor is designated for staffing and has an open family area and 4 bedrooms. At a 6.3 CAP this is a great investment opportunity. THIS PROPERTY CAN ALSO BE DEVELOPED AS NEW CONDOS WITH A MINIMUM OF SIX UNITS.
- MLS® #3547598
- Property Tax$41,694
- Square Footage5,000
- Year Built1897
- UtilitiesElectric, Gas-Natural
- Parking Spaces20
- ParkingBlacktop, Off-Street Parking
- ExteriorSee Remarks
- RoofComposition Shingle
- Listing OfficeCOLDWELL BANKER REALTORS
- Address39 S Willow St
- CityMontclair Twp.
- Zip Code07042-3309
- HeatingOil Tank Above Ground - Outside
- Has BasementYes
- # of Stories3
- Date ListedApril 8th, 2019
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Listing information last updated on July 16th, 2019 at 1:03pm EDT.