About 136 Walnut St
Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, this 8-unit apartment building can become the anchor of your growing real estate portfolio. With 4 different floor plans, this property offers 4 one bedroom units, and 4 studios, with shared coin-op laundry, on site parking, and a stellar location. A majority of units have been renovated and the roof is only 7 years old. 3 units remain, creating a great opportunity for future owners to add value to the property. Tenants pay for electricity for their stoves, lights and in-unit Air Conditioning. Owner pays for heat, hot water and internet. Building is well equipped with security camera system, and remote accessible front door entry system. Laundry is a smart system with Phone App capabilities. Property is 100' by 120' or .28 acres with 12 parking spaces, a beautiful front lawn, plus a garbage and maintenance shed in the back. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.
Features of 136 Walnut St
MLS® # | 3878159 |
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Price | $1,800,000 |
Square Footage | 3,348 |
Acres | 0.28 |
Year Built | 1966 |
Type | Commercial |
Status | Active |
Community Information
Address | 136 Walnut St |
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Subdivision | Walnut Street |
City | Montclair Twp. |
County | Essex |
State | NJ |
Zip Code | 07042-3853 |
Amenities
Utilities | Electric, Gas In Street, Gas-Natural |
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Parking Spaces | 12 |
Parking | Assigned, Blacktop, Driveway-Exclusive, Off-Street Parking |
Interior
Heating | Electric, Gas-Natural |
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# of Stories | 3 |
Has Basement | Yes |
Basement | Finished, Full, Walkout |
Exterior
Exterior | Brick, See Remarks |
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Lot Description | Level Lot |
Roof | Asphalt Shingle, Flat |
Additional Information
Date Listed | December 13th, 2023 |
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Days on Market | 140 |
Zoning | R2 |
Listing Details
Office | COMPASS NEW JERSEY LLC |
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Office Contact | 973-618-6368 |